Does the estimate for furniture, fixtures, and equipment for a Crisp & Green franchise include the commercial kitchen?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
nchised Restaurant.
- (5) This includes certain furniture and fixtures, art and décor, restaurant and catering supplies and wares, technology and related equipment for use in back-of-house operations, and a variety of other supplies and resources. This also includes the cost of setting up an offsite designated pickup area if you are approved to operate a Crisp & Go Location. This does not include, however, the components of the point-of-sale ("POS") or inventory management systems or the commercial kitchen that will be necessary for the operation of your Franchised Restaurant. These items must be purchased from suppliers. The price for these items will vary depending on the size and layout of the premises for your Franchised Restaurant and whether you elect to include optional add-in items; this estimate assumes that you will purchase only the standard items for your Franchised Restaurant and that your Franchised Restaurant is approximately 2,000 to 2,500 square feet and shares a layout similar to the Corporate Restaurants.
- (6) There is no separate fee payable to us in connection with Crisp Academy, our initial training program, for up to four people. You will be responsible for making arrangements for travel, accommodations, and meals for your personnel attending Crisp Academy, and you will be responsible for making payments directly to third party providers. The estimate contemplates local accommodations and meals for four people during three weeks of Crisp Academy in Minnesota. The low end of the estimate assumes that you and the individuals attending training reside within driving distance of the training location, and the high end assumes travel will be needed, although expenses may vary significantly depending upon factors such as the distance traveled and mode of transportation.
- (7) You will be required to make improvements to the premises for your Franchised Restaurant in accordance with our Standards.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 22–26)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the estimate for furniture, fixtures, and supplies, ranging from $64,000 to $85,000, does not include the commercial kitchen. The FDD specifies that this particular estimate covers items such as furniture, fixtures, art, décor, restaurant and catering supplies, technology, and equipment for back-of-house operations, along with other supplies and resources.
The cost for the purchase and installation of a commercial kitchen for a Crisp & Green franchise is listed separately with an estimated range of $240,000 to $260,000. This amount is to be paid to vendors and contractors as arranged.
Therefore, a prospective Crisp & Green franchisee should be aware that the initial investment for equipping their restaurant will be significantly higher than the $64,000 to $85,000 estimate for furniture, fixtures, and supplies, once the cost of the commercial kitchen is factored in. It is important to consider both of these expenses separately when planning the initial investment.