What is the amount of the deposit to reserve an additional Crave Cookies location?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| Minnesota | Minnesota Department of Commerce Securities-Franchise Registration 85 7th Place East, Suite 280 St. Paul, MN 55101-2198 (651) 539-1500 | Commissioner of Commerce Minnesota Department of Commerce 85 7th Place East, Suite 280 St. Paul, MN 55101-2198 (651) 539-1500 |
|---|---|---|
| New York | New York State Department of Law Investor Protection Bureau 28 Liberty St. 21st Floor New York, NY 10005 212-416-8236 | Secretary of State 99 Washington Avenue Albany, NY 12231 |
| North Dakota | North Dakota Securities Department 600 East Boulevard Ave., State Capital Fifth Floor, Dept. 414 Bismarck, ND 58505-0510 (701) 328-4712 | |
| Oregon | Department of Consumer & Business Services Division of Finance and Corporate Securities Labor and Industries Building Salem, Oregon 97310 (503) 378-4140 | |
| Rhode Island | Department of Business Regulation Securities Division 1511 Pontiac Avenue John O. Pastore Complex–69-1 Cranston, RI 02920-4407 (401) 462-9527 | |
| South Dakota | Division of Insurance Securities Regulation 124 South Euclid Suite 104 Pierre, SD 57501-3185 (605) 773-3563 | |
| Virginia | State Corporation Commission 1300 East Main Street 9th Floor Richmond, VA 23219 (804) 371-9051 | Clerk of the State Corporation Commission 1300 East Main Street, 1st Floor Richmond, VA 23219 |
| Washington | Department of Financial Institutions | Department of Financial Institutions |
| Securities Division | Securities Division | |
| P.O. Box 41200 | 150 Israel Rd SW | |
| Olympia, WA 98504-1200 | Tumwater, WA 98501 | |
| (360) 902-8760 | (360) 902-8760 | |
| Wisconsin | Division of Securities Department of Financial Institutions Post Office Box 1768 Madison, WI 53 |
Source: Item 23 — RECEIPTS (FDD pages 47–194)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, if a franchisee signs a Multi-Unit Development Agreement (MUDA), they must pay the total initial franchise fee for the first location upon execution of the MUDA. For each additional location listed on the MUDA, the franchisee can reserve the location with a deposit of $5,000. The remaining balance of the franchise fee is due at the time of lease signing.
This deposit secures the rights to develop additional Crave Cookies locations under the terms of the MUDA. It's important to note that both the initial franchise fee and these deposits are non-refundable, meaning that if the franchisee fails to open the additional locations or terminates the agreement, they will not receive this money back.
This policy is fairly standard in multi-unit franchise agreements, as it ensures that the franchisee is serious about developing multiple locations and provides Crave Cookies with some financial security for planning and support activities. Prospective franchisees should carefully consider their ability to open and operate multiple locations before entering into a MUDA, given the non-refundable nature of these deposits.