What is the estimated low-end cost for leasehold improvements for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Restaurant
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | High | ||||
| Initial Franchise | $35,000 | $35,000 | Lump sum | Upon signing of | Us |
| Fee(1) | Franchise Agreement |
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 low-end cost for leasehold improvements is $30,000. This figure represents the expenses associated with designing and building out a Restaurant or Kiosk, including plumbing, electrical work, and remodeling. However, this estimate does not account for any potential landlord contributions or tenant improvement allowances that a franchisee might negotiate. These costs are based on Crepe De Licious's experience with existing locations.
The actual cost of leasehold improvements can vary significantly based on several factors. These include the size, condition, and location of the leased premises, as well as the supply and demand for materials and labor in the local area. Local building and fire code requirements, along with specific lease requirements related to construction and signage, can also impact the overall expense. Franchisees should also be aware of potential inflation that could affect these costs.
Prospective Crepe De Licious franchisees should investigate these costs thoroughly for their specific location. Negotiating with the landlord for contributions to these expenses is also advisable, as this can significantly reduce the initial investment. In some cases, a build-to-suit lease may include some or all of these improvements and fixtures in the lease payments, which could alter the upfront costs. Given these variables, it is crucial for franchisees to conduct due diligence and possibly consult with experienced professionals to accurately estimate these expenses.