What were the monthly payments for the vehicle lease that expired in 2023 for Crave Cookies?

According to Crave Cookies's 2025 Franchise Disclosure Document, the company leased a vehicle that expired in 2023 with monthly payments of $674. This information is part of the notes to the financial statements, specifically under the section detailing the nature of the company's lease arrangements. The disclosure distinguishes between this expired lease and a new vehicle lease entered into in 2023.

For a prospective franchisee, this detail provides insight into the types of lease obligations Crave Cookies undertakes at the corporate level. While this specific lease has expired, it gives an example of the potential costs associated with vehicle leases, which could be relevant if franchisees are required or choose to lease vehicles for their own operations. Understanding these costs can help franchisees better plan their own financial obligations and operational expenses.

The FDD also mentions that termination of leases is generally prohibited unless there is a violation of the lease agreement. This is a typical clause in most lease agreements, highlighting the importance of adhering to the terms of any lease a franchisee might enter into. The document also states that the company has no material related-party leases and that their lease agreements do not contain any material residual value guarantees or material restrictive covenants, which provides additional context about the company's leasing practices.

Overall, while the expired lease is a historical detail, it serves as an example of the financial commitments Crave Cookies makes, offering franchisees a glimpse into potential operational costs related to leasing. Franchisees should inquire about current leasing arrangements and any specific requirements or recommendations Crave Cookies has for vehicle leases at the franchise level to gain a clearer picture of their potential financial obligations.