When is the payment for Additional Storage for a Crepe De Licious Kiosk due?
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 Ag |
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 payment for additional storage is due 'As agreed' with the landlord. The estimated cost for additional storage ranges from $650 to $15,000, and this cost is incurred. This payment is made directly to the landlord.
This means that the timing of the payment will depend on the specific terms negotiated between the franchisee and the landlord. Franchisees should carefully review their lease agreements to understand when these payments are due. It is important to factor these storage costs into the overall budget when considering a Crepe De Licious franchise.
Unlike the initial franchise fee, which is paid in a lump sum upon signing the Franchise Agreement, the additional storage costs are paid as incurred and as agreed with the landlord. This provides some flexibility but also requires careful budgeting and negotiation skills on the part of the franchisee.