What is the estimated range for the cost of equipment, furniture, and fixtures for a Crave franchise?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (1) Type of Expenditure | (2) Amount | (3) Method of Payment | (4) When Due | (5) To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Franchise Fee (1) | $45,000 | Lump Sum | When Franchise Agreement Signed | Us |
| 1 Month (2) | $5,000 to $15,000 | As arranged | As arranged | Landlord |
| Rent – | ||||
| Lease & Utility (3) Security Deposit | $4,000 to $15,000 | As arranged | As arranged | Landlord, Utility Companies |
| Design & Architect (4) Fees | $1,000 to $35,000 | As arranged | As arranged | Designer or Architect |
| Leasehold | $100,000 to $700,000 | As arranged | As arranged | Contractor |
| Improvements (5) | ||||
| dependent on site conditions | ||||
| Signage (6) | $3,000 to $30,000 | As arranged | As arranged | Suppliers |
| Equipment, | $70,000 to $160,000 | As arranged | As arranged | Suppliers |
| Furniture and | ||||
| Fixtures (7) | ||||
| Point-of-Sale & Computer (8) Equipment | $1,500 to $5,500 | As arranged | As arranged | Suppliers |
| Business Licenses & Permits (Not Including Beer/Wine (9) License) | $500 to $4,000 | As arranged | As arranged | Government Agencies |
| Professional Fees | $1,000 to $3,500 | As arranged | As arranged | Attorney, |
| (10) | Accountant | |||
| Insurance – 1 (11) Month | $1,000 to $3,000 | As arranged | As arranged | Insurance Companies |
| Initial Inventory | $8,000 to $15,000 | As arranged | As arranged | Suppliers |
| Food & Other | ||||
| (12) | ||||
| Items | ||||
| Initial Inventory | $100 to $1,000 | As arranged | As arranged | Suppliers |
| (12) | ||||
| Alcohol |
| (1) Type of Expenditure | (2) Amount | (3) Method of Payment | (4) When Due | (5) To Whom Payment is to be Made |
|---|---|---|---|---|
| Training Expenses | $500 to $1,500 | As arranged | As arranged | Airline, Hotel, |
| (13) | Restaurant, etc. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–26)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the estimated cost for equipment, furniture, and fixtures ranges from $100,000 to $150,000 for a Restaurant and from $70,000 to $160,000 for a Food Truck. These costs are paid to suppliers as arranged. The equipment needed includes items such as freezers, refrigerators, prep tables, cooking ovens, sound systems, and smallwares. Furniture includes chairs, counters, tables, and barstools, while fixtures encompass artwork, décor items, and lighting. The estimate also accounts for the equipment and services required for installing an optional self-serve beer tap wall.
Prospective Crave franchisees should note that these figures are estimates and the actual costs may vary. It is important to confirm all costs with suppliers and to consider whether to include the optional self-serve beer tap wall, as this will impact the overall expenditure. These costs are typically non-refundable.
Crave does not offer financing for any part of the initial investment, so franchisees must secure their own funding. While the FDD provides a general list of necessary equipment, furniture, and fixtures, franchisees should develop a detailed inventory list to ensure accurate budgeting and avoid unexpected expenses. Given the variability in costs, thorough research and planning are essential for managing the initial investment effectively.