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Crepe Delicious Franchise Review (2020)

Crepe Delicious Franchise Background 

Chef Oded Yefet embarked on an international quest to find the perfect addition to a vibrant North American quick-service restaurant industry. His travels took him around the world. While visiting Paris, France, Oded observed street vendors serving crepes in a manner similar to the hotdog stands of North America.

He immediately began to visualize the combination of North Americans’ love for street food with the delights of a fresh crepe. He took this simple yet stylish concept, combined it with his hotel/restaurant experience of more than twenty years, and founded Crepe Delicious in 2004 in Canada. Success was virtually immediate and the brand was franchised the following year.

They have been serving a unique menu of sweet and savory crepes as part of their commitment to lead the resurgence in healthy eating. They are recognized  their world-class crepes and take great pride in creating an exquisite experience each and every time a client visits a location – all crepes are made fresh to order. The crepe itself has just 170 calories and 3 grams of fat, and the client can fill them with their favorite fresh ingredients for a healthy meal on-the-go.

Management Team

Oded Yefet is the President & CEO of Crepe Delicious & Froshberg Gelato. Prior to founding Crepe Delicious in 2004, Oded had graduated from culinary school and worked in numerous capacities in restaurant and hotel management. Currently, Oded is focused on expanding his concepts nationally and internationally and introducing new food concepts to the Crepe Delicious & Froshberg Gelato family.

Their management team is very experienced and helps the franchisee from the moment the franchise agreement is signed. Crepe Delicious helps with real estate, site build support, sales, marketing, project management and they believe extensive support & comprehensive training is key for the success of their Franchise Owners. The team is also very diverse and speak French, Cantonese/Mandarin, and Spanish in their corporate office apart from English.

 

Franchise Food Services Industry Analysis 

Franchise Strengths

Artisanal, high quality and healthy

Operationally simple, easy to learn

Franchisor provides training and support with suppliers and opening the store

Strong leadership team committed to helping franchisees grow their markets

Franchise Weaknesses

Success of business is highly dependent on location of the store

Highly priced products

Typically located in shopping centers which means that the success is partly dependent on the success of the shopping center

Franchise Opportunities

Ability to adapt and grow with an emerging franchisor in the U.S. an under-penetrated market

Consumers are becoming more health-conscious when making their dietary decisions

According to Multi Briefs, 75% of Americans self-reported having healthy eating habits

Franchise Threats

Profitability can be negatively impacted by close location of like competitors

Potential for change to consumer tastes and preferences

Population may not be familiarized with the product

How Much is a Crepe Delicious Franchise?

Crepe Delicious Franchise cost ranges from $284,751 to $931,900 according to the 2020 FDD.

Cost TypesAmount (in USD)When DueTo Whom Payment is to Be Made
LowHigh
Initial Franchise Fee$35.000$35.000Upon Signing FAFranchisor
Territory Reservation Fee$0$10.000Due before Franchise Agreement is SignedFranchisor
Design Fee$5.000$10.000Upon ordering designsFranchisor
Mechanical, Electrical, Plumbing, and Architectural Fees$5.000$25.000As AgreedThird Parties
Real Estate Agent Fees$10.000$15.000As AgreedThird Parties
Rent, Security Deposit, Utility Deposit$5.000$40.000As AgreedLandlord, Utility Companies
Additional Storage$656$15.000As AgreedLandlord
Leasehold Improvements$65.000$350.000As AgreedLandlord, Contractors, Other Suppliers
Furniture, Fixtures and Equipment$85.000$250.000As AgreedApproved Suppliers
Initial Inventory and Supplies$15.000$25.000As AgreedApproved Suppliers
Insurance$2.000$4.000As AgreedInsurance Providers / Approved Suppliers
Business Licenses and Permits$1.000$20.000As AgreedThirs Parties
Professional Fees$5.000$10.000As AgreedAttorney, Accountant
Signage$10.000$25.000As AgreedApproved Suppliers
Office Equipment and Supplies$3.500$5.000As AgreedApproved Suppliers
Grand Opening Promotion$2.500$5.000As AgreedApproved Suppliers
Uniforms$800$1.200As AgreedApproved Suppliers
Initial Training Expenses$2.500$10.000As AgreedAirlines, Hotels, Restaurants, Etc.
POS Set Up Fee$800$1.600As AgreedApproved Suppliers
Digital Signage and Setup, License and Maintenance Fee$2.195$24.400As AgreedApproved Suppliers
Miscellaneous Opening Expenses$10.000$25.000As AgreedThird Parties, Approves Suppliers
Additional Funds – 3 Months $18.800$25.700As IncurredFranchisor and Third Parties
Total$284.751$931.900

 

Crepe Delicious Franchise cost ranges from $189,751 to $506,900 according to the 2020 FDD.

 

Cost TypesAmount (in USD)When DueTo Whom Payment is to Be Made
LowHigh
Initial Franchise Fee$35.000$35.000Upon Signing FAFranchisor
Territory Reservation Fee$0$10.000Due before Franchise Agreement is SignedFranchisor
Design Fee$5.000$10.000Upon ordering designsFranchisor
Mechanical, Electrical, Plumbing, and Architectural Fees$5.000$25.000As AgreedThird Parties
Real Estate Agent Fees$10.000$15.000As AgreedThird Parties
Rent, Security Deposit, Utility Deposit$5.000$40.000As AgreedLandlord, Utility Companies
Additional Storage$656$15.000As AgreedLandlord
Leasehold Improvements$35.000$100.000As AgreedLandlord, Contractors, Other Suppliers
Furniture, Fixtures and Equipment$25.000$75.000As AgreedApproved Suppliers
Initial Inventory and Supplies$15.000$25.000As AgreedApproved Suppliers
Insurance$2.000$4.000As AgreedInsurance Providers / Approved Suppliers
Business Licenses and Permits$1.000$20.000As AgreedThirs Parties
Professional Fees$5.000$10.000As AgreedAttorney, Accountant
Signage$5.000$25.000As AgreedApproved Suppliers
Office Equipment and Supplies$3.500$5.000As AgreedApproved Suppliers
Grand Opening Promotion$2.500$5.000As AgreedApproved Suppliers
Uniforms$800$1.200As AgreedApproved Suppliers
Initial Training Expenses$2.500$10.000As AgreedAirlines, Hotels, Restaurants, Etc.
POS Set Up Fee$800$1.600As AgreedApproved Suppliers
Digital Signage and Setup, License and Maintenance Fee$2.195$24.400As AgreedApproved Suppliers
Miscellaneous Opening Expenses$10.000$25.000As AgreedThird Parties, Approves Suppliers
Additional Funds – 3 Months$18.800$25.700As IncurredFranchisor and Third Parties

Total                                                                  $189.751                      $506.900

 

RoyaltyAd-Fund
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8,0%2,0%

Interested in Seeing how Crepe Delicious Franchise compares to other Food Services franchises? Download our Food Services Franchise guide below!

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