To whom are the payments for Leasehold Improvements 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 | ||||
| Territo |
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, leasehold improvement payments are made to landlords, contractors, and other suppliers. These improvements, which include plumbing, electrical work, and remodeling, are a significant part of the initial investment for a Crepe De Licious Kiosk. The estimated cost for leasehold improvements ranges from $125,000 to $350,000.
This substantial range reflects the variability in costs associated with build-out or remodeling, depending on the location and condition of the premises. The FDD notes that these costs can fluctuate based on factors like the size of the Kiosk, local material and labor costs, and specific lease requirements. Prospective franchisees should carefully consider these factors and conduct thorough due diligence to estimate these costs accurately for their specific location.
It's also important to note that the estimated initial investment does not reflect any landlord contributions or tenant improvement allowances that a franchisee might negotiate. In some cases, landlords may cover some or all of these improvement costs, particularly in build-to-suit leases, which could significantly reduce the franchisee's initial investment. Therefore, franchisees should explore these negotiation opportunities with their landlord to potentially offset some of the leasehold improvement expenses.