When is the Rent and Lease Security Deposit due for an Ella Cafe Multi-Unit Development Agreement?
Ella_Cafe Franchise · 2024 FDDAnswer from 2024 FDD Document
| agreement | |||||
|---|---|---|---|---|---|
| Rent and Lease | Upon | ||||
| $5,000 | to | $25,167 | Check | Landlord | |
| Security Deposit2 | signing lease |
Source: Item 6 — OTHER FEES (FDD pages 10–15)
What This Means (2024 FDD)
According to Ella Cafe's 2024 Franchise Disclosure Document, the Rent and Lease Security Deposit is due upon signing the lease. The amount ranges from $5,000 to $25,167, and is paid directly to the landlord. This fee is associated with a Multi-Unit Development Agreement.
For a prospective Ella Cafe franchisee, this means that when securing a location for their franchise, they should be prepared to pay a security deposit to the landlord at the time of signing the lease agreement. The specific amount will depend on the lease terms negotiated with the landlord and can vary significantly based on location, size, and other factors.
It is important for potential franchisees to factor this cost into their initial investment and budget accordingly. Understanding the due dates and amounts of all fees, including the rent and lease security deposit, is crucial for managing cash flow and ensuring a smooth launch of the Ella Cafe franchise.