What is the total estimated initial investment range for a Crisp & Green franchise?
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 | At least 30 days prior to commencement of construction or remodeling | Our architectural services provider |
| Furniture, Fixtures and Supplies (5) | $64,000 to $85,000 | Lump sum | Upon receipt of invoice | Suppliers |
| Travel and living expenses while training (6) | $2,500 to $7,500 | As incurred to vendors | As arranged with vendors | Vendors, such as airlines, hotels, and restaurants |
| Signage (interior and exterior) | $13,000 to $30,000 | Lump sum or as incurred to suppliers | Upon receipt of invoice or as arranged with suppliers | Suppliers |
| Purchase and installation of commercial kitchen (7) | $240,000 to $260,000 | As incurred to vendors and contractors | As arranged with vendors and contractors | Vendors and contractors |
| Premises construction and improvements (7) | $350,000 to $665,000 | As incurred to vendors and contractors | As arranged with vendors and contractors | Vendors, contractors |
| Real estate and utility security deposits and 3 months' rent (8) | $11,000 to $60,000 | As arranged with landlord and providers | As arranged with landlord and providers | Landlord and |
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 initial investment to open a franchise ranges from $758,545 to $1,218,045. This investment includes various expenses, such as the initial franchise fee of $64,500, a Crisp & Go Location fee that ranges from $0 to $5,000, site survey costs between $3,000 and $8,000, and architectural plans that cost from $17,000 to $25,000.
Further costs include furniture, fixtures, and supplies, which range from $64,000 to $85,000. Franchisees must also budget for travel and living expenses while training, estimated between $2,500 and $7,500. Signage costs range from $13,000 to $30,000. A significant portion of the investment is allocated to the purchase and installation of a commercial kitchen, estimated at $240,000 to $260,000, and premises construction and improvements, which range from $350,000 to $665,000.
Additional expenses include real estate and utility security deposits, along with three months' rent, estimated between $11,000 and $60,000. Franchisees are also required to spend a minimum of $25,000 on a grand opening marketing and promotional program. The initial investment also covers the purchase of a POS system, digital menu boards, and an initial inventory of food items and ingredients. Furthermore, franchisees should allocate funds for additional capital to support ongoing expenses during the initial three months of operation.
Prospective franchisees should note that these costs are estimates and can vary based on factors such as the location, size of the premises, and specific site conditions. Landlord contributions, such as tenant improvement allowances, can significantly impact the final investment amount. It is crucial for potential Crisp & Green franchisees to conduct thorough due diligence and carefully investigate all costs associated with establishing their franchise.