What does the Crave initial investment estimate assume regarding security deposits?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Lease & Utility Security Deposit. Our estimate assumes you will need to provide one month of rent as a security deposit to your landlord, and you may need to provide security deposits for your utilities (such as gas, water and/or electric).
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–26)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the initial investment estimate includes an allowance for security deposits. For a standard Crave restaurant, the estimate assumes a security deposit of one month's rent, along with potential security deposits for utilities such as gas, water, and electricity. The estimated range for the lease and utility security deposit is between $4,000 and $15,000, payable as arranged to the landlord and utility companies.
For an 'Express Restaurant' concept, the FDD lists a Lease & Utility Security Deposit of $5,000, payable as arranged to 'Crave WM Franchising LLC (Landlord)'.
It's important to note that these are estimates, and the actual amounts may vary depending on the specific location, landlord requirements, and utility company policies. Franchisees should budget accordingly and negotiate lease terms carefully to manage these upfront costs. Additionally, while security deposits are generally refundable, franchisees should confirm the terms and conditions for refunds with their landlords and utility providers.