Does Crisp & Green ever offer discounts on the initial franchise fee?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchise Fee**
You must pay us an initial franchise fee of $64,500 when you sign a Franchise Agreement.
The initial franchise fee is payable in full when the Franchise Agreement is signed and is considered fully earned and nonrefundable upon payment. Except as otherwise described in this Item 5, the initial franchise fee is the same for all franchisees. However, we reserve the right to discount the initial franchise fee in circumstances in which we feel such discounting is appropriate, in our sole discretion. In our last fiscal year, (a) we uniformly collected initial franchise fees of $64,500 per Restaurant, and (b) we uniformly collected initial franchise fees of $54,900 per Restaurant under our former Market Accelerator Program,
which was in effect until the date of this disclosure document and under which we offered reduced initial franchise fees for franchisees acquiring rights to five Restaurants.
Area Development Fee
We offer qualified candidates the right to develop multiple (three or more) Franchised Restaurants under an Area Development Agreement. The development fee you pay when you sign an Area Development Agreement will vary depending on the number of Franchised Restaurants you commit to open. If you are approved and choose to enter into an Area Development Agreement, you must pay a development fee ("Development Fee") equal to $54,900 multiplied by the number of Franchised Restaurants you agree to open under our form of Area Development Agreement. You will not pay an additional initial franchise fee for any of the Franchised Restaurants you are required to develop under the Area Development Agreement. All portions of the Development Fee are payable in full when you sign the Area Development Agreement and are considered fully earned and nonrefundable upon payment. We intend for the Development Fee to be uniform for all franchisees. As we began offering Area Development Agreements as of the date of this disclosure document, we did not collect any Development Fees in our
Source: Item 5 — INITIAL FEES (FDD pages 14–15)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the initial franchise fee is typically $64,500, payable in full upon signing the Franchise Agreement. This fee is generally nonrefundable and the same for all franchisees. However, Crisp & Green does reserve the right to offer discounts on the initial franchise fee under certain circumstances, based on their sole discretion.
In the last fiscal year, Crisp & Green uniformly collected initial franchise fees of $64,500 per Restaurant. They also offered a reduced initial franchise fee of $54,900 per Restaurant under their former Market Accelerator Program, which was available until the date of the disclosure document. This program provided reduced fees for franchisees acquiring rights to five Restaurants.
For franchisees developing multiple locations under an Area Development Agreement, the development fee is $54,900 multiplied by the number of restaurants the franchisee commits to open. Franchisees entering into an Area Development Agreement will not pay an additional initial franchise fee for each restaurant developed under the agreement. Crisp & Green began offering Area Development Agreements as of the date of the disclosure document and did not collect any Development Fees in the last fiscal year.