What is the non-refundable deposit required when submitting a transfer application for a Crepe De Licious franchise?
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 the 2025 Crepe De Licious Franchise Disclosure Document, a franchisee must pay a $1,000 non-refundable deposit when submitting a transfer application. 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. The remaining balance of the transfer fee is due at the time of the approved transfer.
This means that if a Crepe De Licious franchisee wants to sell their franchise, they need to be prepared to pay a $1,000 deposit upfront just to apply for the transfer. This deposit is non-refundable, regardless of whether the transfer is ultimately approved. This policy ensures that only serious transfer requests are submitted, as the franchisee risks losing the deposit if the transfer does not proceed.
It's important to note that the total transfer fee varies depending on who the franchise is being transferred to. Transferring to an existing franchisee is less expensive than transferring to a new, third-party owner. This may be because transfers to existing franchisees are seen as less risky or disruptive to the Crepe De Licious system. Franchisees should carefully consider these costs and conditions when planning to transfer their franchise.