Does the leasehold improvement estimate for a Crave Restaurant include any tenant improvement allowance?

According to Crave's 2025 Franchise Disclosure Document, the leasehold improvement estimate does not include any tenant improvement allowance that a franchisee may negotiate. The cost of leasehold improvements for a Crave restaurant can vary significantly, with estimates ranging from $50,000 to $250,000 for a Restaurant and $100,000 to $700,000 for a Food Truck, depending on site conditions.

The FDD specifies that these costs depend on factors such as the size and configuration of the premises, pre-construction expenses (including demolition and removal of existing fixtures), and the cost of materials and labor, which can fluctuate based on geography and whether union labor is required. The low end of the estimate assumes the franchisee leases a space previously used as a restaurant and converts it to a Crave Restaurant, while the high end assumes a "vanilla box" space requiring more extensive improvements.

Given that the estimate does not account for any tenant improvement allowance, prospective Crave franchisees should proactively negotiate with landlords to secure contributions towards build-out costs. This negotiation could potentially lower the overall initial investment. Furthermore, franchisees are required to use Crave's designated supplier as the contractor for the restaurant build-out, which may impact costs and should be factored into their financial planning.