When is the non-refundable deposit due for a Crepe De Licious franchise transfer?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | $5,000 if transferring to one of our existing franchisees; $10,000 if transferring to a third party | $1,000 non- refundable deposit at time transfer application is submitted, and the remaining balance of fee at time of approved transfer | Payable in connection with the transfer of your Restaurant, Kiosk, or Food Truck, a transfer of ownership of your legal entity, or the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, a $1,000 non-refundable deposit is due at the time a transfer application is submitted. The remaining balance of the transfer fee is due at the time of the approved transfer.
If a franchisee decides to transfer their Crepe De Licious franchise, whether it's a Restaurant, Kiosk, or Food Truck, or if there's a transfer of ownership of the legal entity or the Franchise Agreement itself, this transfer fee applies. The total transfer fee is $5,000 if transferring to an existing Crepe De Licious franchisee or $10,000 if transferring to a third party.
This policy is fairly standard in franchising, as it covers Crepe De Licious's administrative costs associated with reviewing and approving the transfer. The non-refundable nature of the deposit means that the franchisee will not get this money back, even if the transfer is not approved. Franchisees should carefully consider this before submitting a transfer application.