What is the transfer fee for each Franchised Crepe De Licious Restaurant that remains to be developed and opened?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchise Agreement executed simultaneously with this Agreement that Franchisor deems applicable to a proposed transfer under this Agreement.
- 7.3 Simultaneous Transfers. Area Developer understands and acknowledges that any consent to a transfer of this Agreement shall, unless waived, be conditioned on, among other factors, the
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, if an Area Developer seeks to transfer their Area Development Agreement, they must pay a transfer fee. This fee is equal to $10,000 for each Franchised Restaurant that remains to be developed and opened to satisfy the Development Schedule. However, the total transfer fee will not be less than fifty percent (50%) of the Area Development Fee initially paid.
This means that if an Area Developer has committed to opening multiple Crepe De Licious locations within a specific timeframe and wants to transfer the agreement to someone else before completing the development schedule, they will incur this transfer fee. The fee applies to each restaurant that is still on the schedule to be opened.
For a prospective Area Developer, this highlights the importance of carefully considering the development schedule and their ability to meet it. If circumstances change and they need to transfer the agreement, this transfer fee could represent a significant cost, especially if multiple locations are still pending development. It also notes that even if the number of restaurants left to be developed would total less than 50% of the initial Area Development Fee, the Area Developer is still responsible for paying 50% of the initial Area Development Fee.