What is the Transfer Fee for a Crepe De Licious franchise if transferring to a third party?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee | $5,000 if transferring to one of our existing franchisees; $10,000 if transferring to a third party | $1,000 non- refundable deposit at time transfer application is submitted, and the remaining balance of fee at time of approved transfer | Payable in connection with the transfer of your Restaurant, Kiosk, or Food Truck, a transfer of ownership of your legal entity, or the Franchise Agreement. |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the transfer fee varies depending on the recipient of the franchise. If a franchisee transfers their Crepe De Licious Restaurant, Kiosk, or Food Truck to a third party, the transfer fee is $10,000.
To initiate the transfer process, the franchisee must submit a transfer application along with a non-refundable deposit of $1,000. The remaining balance of $9,000 is due upon approval of the transfer.
This fee is payable not only when transferring the physical location but also when transferring ownership of the legal entity or the Franchise Agreement itself. This is a fairly standard practice in franchising, as the franchisor needs to vet and approve any new owners to ensure they meet the brand's standards and are a good fit for the system.