To whom are payments for furniture, fixtures, and equipment made when opening a Crepe De Licious franchise?
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 | ||||
| Territory | $10, |
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, payments for furniture, fixtures, and equipment are made to approved suppliers. This equipment includes items such as griddles, sandwich presses, chairs, tables, refrigerators, freezers, and required signage. The estimated cost for these items ranges from $65,000 to $150,000. These costs are typically incurred as agreed upon between the franchisee and the approved suppliers.
As a prospective Crepe De Licious franchisee, it is important to understand that the specific suppliers are 'approved' by the franchisor, meaning you likely have a limited selection. While this can ensure quality and consistency across all franchise locations, it may also limit your ability to negotiate pricing or find alternative suppliers. The FDD indicates that costs can vary based on whether you operate a Restaurant, Kiosk, or Food Truck, as well as the size, shipping distances, and your credit history.
It is crucial to confirm the list of approved suppliers with Crepe De Licious and compare pricing and terms before making any commitments. Understanding the payment schedule and any potential financing options offered by these suppliers is also advisable. Furthermore, franchisees should inquire about any potential rebates or discounts that Crepe De Licious may have negotiated with these suppliers, as this could help reduce the initial investment.
Given the significant investment required for furniture, fixtures, and equipment, prospective franchisees should carefully evaluate their budget and financing options. Understanding the lifespan and maintenance requirements of these items is also essential for long-term financial planning. By thoroughly researching these aspects, franchisees can make informed decisions and ensure they are well-prepared for the initial setup of their Crepe De Licious franchise.