In what currency must all amounts be paid to Cream and its affiliates?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
at your cost. |
Explanatory Notes:
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- Except as described in this Item 6, all fees are imposed and collected by and payable to us, though we may transfer these rights to our affiliates. These fees are non-refundable and uniformly imposed. All amounts paid to us and our a
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, all payments to Cream and its affiliates must be made in United States Dollars. This requirement is clearly stated in Item 6, which outlines various fees franchisees may incur.
This means that regardless of where a Cream franchise is located, all financial transactions with the company, including franchise fees, royalties, and other charges, must be denominated and paid in U.S. currency. This simplifies accounting and reduces currency exchange risks for Cream.
For a prospective franchisee, this requirement is straightforward. It's crucial to factor in any currency conversion costs if operating outside the United States, as all revenue must ultimately be converted to USD for payments to Cream. Franchisees should ensure their financial planning accounts for this currency requirement to avoid any payment issues or discrepancies.