To whom is the Rent, Security Deposit, and Utility Deposit 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 | ||||
| Territory | $10,000 | $10,000* | Lump Sum | Due before Franchise | Us |
| Reservation Fee(1) | Agreement is si |
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 paid to the landlord and utility companies. These costs are part of the estimated initial investment for establishing a Crepe De Licious Kiosk. The FDD estimates that these combined expenses can range from $5,000 to $40,000.
This estimate covers the first three months of rental payments, an initial security deposit, and a utility deposit. The document also notes that additional storage rental payments for three months are paid to the landlord, with costs ranging from $650 to $15,000. These figures can vary significantly based on location and market conditions.
Prospective franchisees should carefully investigate lease rates and understand the terms of their lease agreements, as some leases may be triple net leases, requiring the tenant to pay rent plus all taxes, insurance, and maintenance expenses. Other leases may charge a variable rent based on a percentage of income, with no fixed minimum rental charge. It is important to note that the estimate provided in the FDD does not account for triple net expenses or other amounts beyond the base rental rate.