When is the payment for Professional Fees 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 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, professional fees, which range from $5,000 to $10,000, are due 'as agreed' and are incurred as needed. These fees cover legal, accounting, and other professional services necessary for incorporating the business and handling tax filings.
This means a prospective Crepe De Licious franchisee will need to budget for these professional fees and should expect to pay them over time as the services are rendered, rather than in a single lump sum. The timing of payments will depend on the agreements made with the individual attorneys, accountants, or other professionals hired.
Crepe De Licious recommends that franchisees hire a lawyer, accountant, or other professional to advise them on the franchise offering. Given the range of fees, it would be prudent for a franchisee to obtain quotes from multiple professionals to ensure they are getting competitive rates. Also, the franchisee should clarify the payment schedule with these professionals upfront to align with their budget and cash flow projections.