What is the high estimate for professional fees for a Cream franchise?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
nchise Agreement)
| Type of Expenditure | Amount | Method of Payment 1 | When Due | To Whom Payment is Made | |
|---|---|---|---|---|---|
| Low | |||||
| Initial Franchise Fee | $40,000 | $40,000 | Lump sum | Upon signing Franchise Agreement | Us |
| Real Estate (3 Months’ | $18,000 | $60,000 | As arranged | As arranged | Landlord |
| Rent) 2 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–22)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the estimated cost for professional fees ranges from $10,000 to $17,000. These fees cover the costs of hiring professionals such as an attorney to help evaluate the franchise opportunity and negotiate the lease, forming a business entity, and hiring an accountant to set up a chart of accounts.
The professional fees are paid to unaffiliated third parties such as accountants and attorneys. These fees are typically arranged as needed.
Prospective franchisees should budget for the higher end of this range to ensure they have sufficient funds to cover these essential services. It is important to note that these are just estimates, and actual costs may vary depending on the location and complexity of the business setup.