What is the opening extension fee for Crepe De Licious, and when is it applied?

According to Crepe De Licious's 2025 Franchise Disclosure Document, if a franchisee fails to open their Crepe De Licious business within 12 months of signing the Franchise Agreement, they will be required to pay an opening extension fee. This fee is $250 per week and continues until the Crepe De Licious business is open.

This extension fee is designed to encourage franchisees to open their businesses promptly. The 12-month timeframe provides a reasonable period for securing a location, completing construction or remodeling, obtaining necessary permits, and undergoing training. However, delays can occur due to various factors, as noted in Item 11, such as difficulties in lease negotiations, financing, zoning compliance, and equipment delivery.

For a prospective Crepe De Licious franchisee, it's crucial to have a well-defined plan and timeline for opening their business to avoid incurring these extension fees. Careful management of the various pre-opening tasks and proactive communication with Crepe De Licious can help ensure that the business opens within the stipulated timeframe. Franchisees should factor in potential delays and consider the financial impact of the weekly extension fee when projecting their initial investment and operating costs.