For a Cream franchise, what do the Professional Fees estimates represent?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Professional Fees.
This represents the estimated cost of hiring an attorney to assist you in evaluating the franchise opportunity, negotiating your lease, forming a business entity, and hiring and setting up your chart of accounts with an accountant.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the Professional Fees estimate covers the costs associated with hiring professionals to assist in setting up the franchise. Specifically, this includes the cost of an attorney to help evaluate the franchise opportunity, negotiate the lease, and form a business entity. It also includes the cost of hiring an accountant to set up the chart of accounts.
These fees are a standard part of the initial investment for most franchises. Engaging qualified professionals is crucial to ensure the franchisee understands the legal and financial aspects of the business. The attorney can help navigate the complexities of the Franchise Agreement and lease terms, while the accountant can establish sound financial practices from the outset.
The estimated range for these professional fees is between $10,000 and $17,000. These fees are paid to unaffiliated third parties such as accountants and attorneys. The franchisee will need to arrange payment with these professionals as services are rendered.