What is the reported range for insurance expenses for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Advertising | $ 99 | $ 7 6 | $ 1 75 | ||
|---|---|---|---|---|---|
| Credit loss expense | 10,800 | - | 10,800 | ||
| Bank and credit card charges | 2,730 | 17,491 | 20,221 | ||
| Insurance | 4,062 | 29,814 | 33,876 | ||
| Licenses and permits | - | 2,101 | 2,101 | ||
| Lease expense | 13,083 | 249,611 | 262,694 | ||
| Meals and entertainment | - | 801 | 801 | ||
| Miscellaneous | 51 | - | 51 | ||
| Payroll | 129,000 | 210,861 | 339,861 | ||
| Payroll fees and taxes | - | 38,755 | 38,755 | ||
| Professional fees | 41,669 | 115 | 41,784 | ||
| Repairs and main |
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the company's insurance expenses ranged from $4,062 to $33,876. This figure is derived from combining expenses paid directly by the company and those reimbursed to a related party. Specifically, the company directly paid $4,062 for insurance, while an additional $29,814 was paid by a related entity and then reimbursed, bringing the total to $33,876.
For a prospective Crepe De Licious franchisee, this indicates the potential scale of insurance costs that the franchisor itself incurs. However, it is essential to recognize that the franchisee's insurance expenses may vary based on factors such as location, coverage levels, and specific business operations. The FDD does not specify what types of insurance this covers.
Understanding the franchisor's insurance expenses can provide a benchmark, but franchisees should conduct their own due diligence to determine the appropriate insurance coverage and associated costs for their individual Crepe De Licious locations. Franchisees should consult with insurance professionals to assess their specific needs and obtain accurate quotes. This will ensure they are adequately protected against potential risks and liabilities.