Crepe Delicious Restaurant Franchise Review (2023)
Written by: Patrick Findaro
Last Updated by
Rocío Torres: January 18, 2023
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Chef Oded Yefet embarked on an international quest to find the perfect addition to a vibrant North American quick-service restaurant franchise 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.
Contents
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.
Crepe Delicious
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.
Restaurant Franchise
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 Restaurant 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 Restaurant Franchise?
Crepe Delicious Franchise cost ranges from $284,751 to $931,900 according to the 2020 FDD.
| Cost Types | Amount (in USD) | When Due | To Whom Payment is to Be Made | |
| Low | High | |||
| Initial Franchise Fee | $35.000 | $35.000 | Upon Signing FA | Franchisor |
| Territory Reservation Fee | $0 | $10.000 | Due before Franchise Agreement is Signed | Franchisor |
| Design Fee | $5.000 | $10.000 | Upon ordering designs | Franchisor |
| Mechanical, Electrical, Plumbing, and Architectural Fees | $5.000 | $25.000 | As Agreed | Third Parties |
| Real Estate Agent Fees | $10.000 | $15.000 | As Agreed | Third Parties |
| Rent, Security Deposit, Utility Deposit | $5.000 | $40.000 | As Agreed | Landlord, Utility Companies |
| Additional Storage | $656 | $15.000 | As Agreed | Landlord |
| Leasehold Improvements | $65.000 | $350.000 | As Agreed | Landlord, Contractors, Other Suppliers |
| Furniture, Fixtures and Equipment | $85.000 | $250.000 | As Agreed | Approved Suppliers |
| Initial Inventory and Supplies | $15.000 | $25.000 | As Agreed | Approved Suppliers |
| Insurance | $2.000 | $4.000 | As Agreed | Insurance Providers / Approved Suppliers |
| Business Licenses and Permits | $1.000 | $20.000 | As Agreed | Thirs Parties |
| Professional Fees | $5.000 | $10.000 | As Agreed | Attorney, Accountant |
| Signage | $10.000 | $25.000 | As Agreed | Approved Suppliers |
| Office Equipment and Supplies | $3.500 | $5.000 | As Agreed | Approved Suppliers |
| Grand Opening Promotion | $2.500 | $5.000 | As Agreed | Approved Suppliers |
| Uniforms | $800 | $1.200 | As Agreed | Approved Suppliers |
| Initial Training Expenses | $2.500 | $10.000 | As Agreed | Airlines, Hotels, Restaurants, Etc. |
| POS Set Up Fee | $800 | $1.600 | As Agreed | Approved Suppliers |
| Digital Signage and Setup, License and Maintenance Fee | $2.195 | $24.400 | As Agreed | Approved Suppliers |
| Miscellaneous Opening Expenses | $10.000 | $25.000 | As Agreed | Third Parties, Approves Suppliers |
| Additional Funds – 3 Months | $18.800 | $25.700 | As Incurred | Franchisor 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 Types | Amount (in USD) | When Due | To Whom Payment is to Be Made | |
| Low | High | |||
| Initial Franchise Fee | $35.000 | $35.000 | Upon Signing FA | Franchisor |
| Territory Reservation Fee | $0 | $10.000 | Due before Franchise Agreement is Signed | Franchisor |
| Design Fee | $5.000 | $10.000 | Upon ordering designs | Franchisor |
| Mechanical, Electrical, Plumbing, and Architectural Fees | $5.000 | $25.000 | As Agreed | Third Parties |
| Real Estate Agent Fees | $10.000 | $15.000 | As Agreed | Third Parties |
| Rent, Security Deposit, Utility Deposit | $5.000 | $40.000 | As Agreed | Landlord, Utility Companies |
| Additional Storage | $656 | $15.000 | As Agreed | Landlord |
| Leasehold Improvements | $35.000 | $100.000 | As Agreed | Landlord, Contractors, Other Suppliers |
| Furniture, Fixtures and Equipment | $25.000 | $75.000 | As Agreed | Approved Suppliers |
| Initial Inventory and Supplies | $15.000 | $25.000 | As Agreed | Approved Suppliers |
| Insurance | $2.000 | $4.000 | As Agreed | Insurance Providers / Approved Suppliers |
| Business Licenses and Permits | $1.000 | $20.000 | As Agreed | Thirs Parties |
| Professional Fees | $5.000 | $10.000 | As Agreed | Attorney, Accountant |
| Signage | $5.000 | $25.000 | As Agreed | Approved Suppliers |
| Office Equipment and Supplies | $3.500 | $5.000 | As Agreed | Approved Suppliers |
| Grand Opening Promotion | $2.500 | $5.000 | As Agreed | Approved Suppliers |
| Uniforms | $800 | $1.200 | As Agreed | Approved Suppliers |
| Initial Training Expenses | $2.500 | $10.000 | As Agreed | Airlines, Hotels, Restaurants, Etc. |
| POS Set Up Fee | $800 | $1.600 | As Agreed | Approved Suppliers |
| Digital Signage and Setup, License and Maintenance Fee | $2.195 | $24.400 | As Agreed | Approved Suppliers |
| Miscellaneous Opening Expenses | $10.000 | $25.000 | As Agreed | Third Parties, Approves Suppliers |
| Additional Funds – 3 Months | $18.800 | $25.700 | As Incurred | Franchisor and Third Parties |
| Royalty | Ad-Fund |
| 6% | 3% |
| 8,0% | 2,0% |
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