What details must be included in the initial investment report submitted by a Crave Cookies franchisee?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- 10.3 Initial Investment Report. Within 120 days after opening for business, Franchisee shall submit to Crave Cookies Franchising a report detailing Franchisee's investment costs to develop and open the Business, with costs allocated to the categories described in Item 7 of Crave Cookies Franchising's Franchise Disclosure Document and with such other information as Crave Cookies Franchising may request.
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, within 120 days of opening their business, franchisees must submit a report detailing their investment costs. This report must allocate costs to the categories outlined in Item 7 of the Franchise Disclosure Document. Additionally, the report must include any other information that Crave Cookies may request.
This requirement allows Crave Cookies to gather comprehensive data on the actual costs franchisees incur when setting up their businesses. By categorizing expenses according to Item 7, Crave Cookies ensures a standardized format for comparing investment costs across different franchise locations. This information is likely used by Crave Cookies to update and refine the estimated initial investment ranges presented in their FDD, providing more accurate information to future prospective franchisees.
For a prospective Crave Cookies franchisee, this means carefully tracking all expenses during the pre-opening phase and allocating them to the appropriate categories as defined in Item 7. Maintaining thorough records and promptly submitting the initial investment report is essential for compliance with the franchise agreement. Failure to do so could potentially lead to issues with the franchisor and may impact the franchisee's relationship with Crave Cookies.