What are the monthly lease payments for the vehicle that Crave Cookies leases?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
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Nature of Leases
The Company has entered into the following lease arrangements:
Operating Leases
The Company leased a vehicle that expired in 2023 and had monthly payments of $674.
In 2023, the Company entered into a new vehicle lease that expires in 2025 and has monthly paymen
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to the 2025 FDD, Crave Cookies's operating leases include vehicle leases. The company leased a vehicle that expired in 2023 with monthly payments of $674. In 2023, Crave Cookies entered into a new vehicle lease that expires in 2025 with monthly payments of $576.
For a prospective franchisee, this indicates that Crave Cookies has experience with vehicle leases and provides insight into the potential costs associated with such leases. It's important to note that the lease terms and amounts can vary depending on the specific vehicle and lease agreement.
It is also important to note that the termination of the lease is generally prohibited unless there is a violation under the lease agreement. This means that Crave Cookies is obligated to continue making payments for the duration of the lease term, even if the vehicle is no longer needed.