When is the Rent, Security Deposit, and Utility Deposit 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 | ||||
| Territory |
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, the rent, security deposit, and utility deposit are due 'as agreed' with the landlord and utility companies. This means the specific timing of these payments will depend on the lease agreement and utility service terms negotiated for the Crepe De Licious Kiosk location. The estimated initial investment for these expenses ranges from $5,000 to $40,000.
As the FDD states that the payment timing is 'as agreed', prospective franchisees should carefully review the lease agreement and utility contracts to understand when these payments are required. Typically, security deposits and the first month's rent are due upon signing the lease. Utility deposits are usually required when establishing new service accounts. Franchisees should budget accordingly to ensure they have sufficient funds available when these payments are due.
It's important to note that these estimates cover the first three months of rental payments, an initial security deposit, and a utility deposit. Franchisees should also factor in ongoing monthly rent and utility expenses into their financial projections. The FDD also mentions the possibility of additional storage, which would incur further rental payments, also due as agreed with the landlord. Understanding these payment terms is crucial for managing the initial investment and ongoing operational costs of a Crepe De Licious Kiosk.
Prospective Crepe De Licious franchisees should consult with a real estate attorney and financial advisor to review the lease agreement and utility contracts. This will help ensure they fully understand their obligations and can plan accordingly. Negotiating favorable payment terms with the landlord and utility companies can also help reduce the initial financial burden of opening a Crepe De Licious Kiosk.