What is the minimum down payment required for a Crave Food Truck?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
You are required to provide a down payment of ten percent (10%) at minimum, and, at the discretion of the approved supplier, depending on your credit history, to the sole approved supplier before the build-out will commence on your Food Truck.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, a franchisee is required to provide a minimum down payment of ten percent (10%) to the approved supplier before the build-out of their food truck can commence. The exact amount of the down payment will depend on the total cost of the food truck, as 10% is the minimum.
The FDD specifies that franchisees must purchase or finance their food truck exclusively from Crave's sole approved supplier. The supplier has the discretion to require a higher down payment based on the franchisee's credit history. This means that while 10% is the minimum, a franchisee with a less-than-stellar credit history could be required to pay more upfront.
The food truck will be delivered to the franchisee once the build-out is complete, which is estimated to take around twelve (12) weeks. The truck will be fully equipped with all the necessary equipment and signage as approved and required by Crave. This ensures that the franchisee receives a ready-to-operate business, provided they meet the financial obligations and credit requirements set by the approved supplier.