What is the estimated range for architectural plans for a Crisp & Green franchise, and when is payment due to the architectural services provider?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
INITIAL INVESTMENT
| Type of Expenditure | Amount (1) | Method of Payment | When Due | To Whom Payment Is to Be Made |
|---|---|---|---|---|
| Initial Franchise Fee (2) | $64,500 | Lump sum | Upon signing the Franchise Agreement | Us |
| Crisp & Go Location Fee | $0 to $5,000 | Lump sum | Upon approval to add a Crisp & Go Location | Us |
| Site survey (3) | $3,000 to $8,000 | Lump sum | As arranged with vendor | Vendor |
| Architectural Plans (4) | $17,000 to $25,000 | Lump sum |
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 estimated cost for architectural plans ranges from $17,000 to $25,000. This is a lump sum payment.
The payment for these architectural plans is due to Crisp & Green's architectural services provider at least 30 days prior to the commencement of construction or remodeling. Crisp & Green requires franchisees to use their approved architectural vendor for creating these plans.
This upfront payment is a significant consideration for prospective franchisees as it impacts their initial investment and cash flow. Franchisees should factor this expense and payment timeline into their overall budget and project schedule to ensure timely compliance and avoid delays in the construction or remodeling phase.