What is the estimated low and high range for Insurance for a Crepe De Licious Kiosk?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | High | ||||
| Insurance(9) | $5,000 | $10,000 | As incurred | As agreed | Insurance Providers / Approved Suppliers |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 18–25)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the estimated initial investment for insurance ranges from $5,000 to $10,000. This cost is to cover the insurance coverage that Crepe De Licious requires the franchisee to obtain and maintain. The franchisee is responsible for all insurance-related obligations.
These insurance payments are expected to be paid to insurance providers or approved suppliers as agreed upon and incurred. Crepe De Licious retains the right to mandate that franchisees secure insurance from their approved suppliers.
It's important to note that the actual insurance costs may vary. The FDD indicates that if a franchisee has had prior issues or claims from previous operations unrelated to Crepe De Licious, their insurance rates may be significantly higher than the estimated range. Therefore, prospective franchisees should consider their own risk profile and history when budgeting for insurance costs.