When are the Real Estate Agent 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, real estate agent fees are due 'as agreed' with third parties. These fees, which range from $10,000 to $15,000, are paid if a real estate agent is used to purchase or lease property.
This means that the timing of the payment will depend on the specific agreement a franchisee makes with their real estate agent. It is crucial for prospective Crepe De Licious franchisees to carefully review the terms of their agreement with the real estate agent to understand when these fees are due.
Typically, real estate agent fees are paid upon the successful completion of a real estate transaction, such as signing a lease or purchasing property. However, the exact terms can vary, so franchisees should clarify this point with their agent and ensure it is clearly stated in their agreement. This will help avoid any unexpected financial obligations during the initial setup phase of their Crepe De Licious kiosk.