Does the leasehold improvements estimate for a Crave Restaurant include tenant improvement allowances?

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

The FDD specifies that these costs can vary substantially based on local conditions, including the availability and prices of labor and materials. The condition of the space before taking possession also affects these costs. The lower end of the estimate assumes the space previously operated as a restaurant and will be converted to a Crave Restaurant, while the higher end assumes a "vanilla box" space requiring more improvements.

Given that the estimate does not include tenant improvement allowances, prospective Crave franchisees should carefully consider this when negotiating their lease. Tenant improvement allowances, which are contributions from the landlord to offset build-out costs, can significantly reduce the initial investment. Franchisees should also obtain detailed quotes from the designated supplier for the build-out to accurately assess the potential costs and negotiate the lease terms accordingly.