What utility deposits are required to operate a Cordova Business?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
">A. Single Territory
| Type of Expenditure | Amount | When Due | To Whom Payment is Made | |
|---|---|---|---|---|
| Initial Franchise Fee | $40,000 | Lump sum | Wh |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, franchisees must pay utility deposits to secure necessary utilities such as gas, electric, water, sewer, and internet access. These deposits are paid upfront to each utility company. The estimated range for these deposits is between $400 and $4,000, and payment is due as incurred to the utility suppliers.
These deposits are part of the initial investment required to start a Cordova franchise. The actual amount will vary depending on the utility companies in the franchisee's area and their specific deposit requirements. It is important for prospective franchisees to factor in these costs when planning their initial budget.
Prospective franchisees should contact local utility providers to get accurate estimates for these deposits in their specific location. Understanding these costs is crucial for accurate financial planning and ensuring sufficient capital to launch the Cordova business.