To whom is the payment for Professional Fees for a Crepe De Licious Kiosk paid?
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 paid to an attorney or an accountant. These fees cover expenses like incorporating the business, tax filings, establishing a general ledger, tax reports, and payroll deposits. The payments are made as incurred and as agreed upon with the professional providing the services.
Crepe De Licious strongly recommends that franchisees hire a lawyer, accountant, or other professional to advise them on the franchise offering. The FDD notes that rates for professionals can vary significantly based on area and experience, so prospective franchisees should research and compare rates from different providers in their area to ensure they are getting competitive pricing.
This is a standard practice in franchising, as setting up a new business requires navigating legal and financial complexities. Franchisees need to budget for these professional fees as part of their initial investment. Selecting experienced professionals can help ensure compliance and efficient business operations for a Crepe De Licious franchise.