What was the reported low for variable lease costs for Crepe De Licious franchises?

According to Crepe De Licious's 2025 Franchise Disclosure Document, the lowest reported variable lease costs were $5,678. This figure represents the variable lease costs for the year ending December 31, 2024. Variable lease costs can include items such as real estate taxes, utilities, property insurance, and excess mileage fees, which can fluctuate based on usage and market rates.

For a prospective Crepe De Licious franchisee, understanding variable lease costs is crucial for accurate financial planning. These costs are in addition to the fixed base rental amount and can impact the overall profitability of the franchise. Franchisees should carefully review the lease terms and understand how these variable costs are calculated and what factors might cause them to increase.

It's important to note that the FDD also mentions that the Company's retail space lease agreement includes variable lease payments calculated using eight percent of retail sales over a minimum gross sales amount of $824,000. This means that a franchisee's variable lease costs could increase significantly if their sales exceed this threshold. Therefore, franchisees need to consider their sales projections and how they might affect their lease expenses.

Overall, while the lowest reported variable lease cost was $5,678, prospective franchisees should not rely solely on this figure. They should conduct their own due diligence, review the specific lease terms for their location, and consider potential fluctuations in variable costs to develop a realistic financial forecast for their Crepe De Licious franchise.