Crave
Franchise research report · reviewed 2025 disclosure data
Researching Crave franchise opportunities? Every figure below is cited to the FDD.
Crave franchise specializes in gourmet burgers, craft cocktails, and elevated casual dining experiences that attract food enthusiasts seeking premium fast-casua
Headline figures
Quick facts
- How much does it cost to open a Crave franchise?
- The Crave Franchise Disclosure Document reports separate estimated initial investments by format: $260,600 for restaurant total estimated initial investment — low estimate (2025 FDD, Item 7, PDF p. 21); $266,300 for mobile / route (food truck total estimated initial investment — low estimate) (2025 FDD, Item 7, PDF p. 22); $237,500 for express restaurant total estimated initial investment — low estimate (2025 FDD, Item 7, PDF p. 23); $275,600 for three-business developer total estimated initial investment — low estimate, first-business buildout only (2025 FDD, Item 7, PDF p. 26). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Crave initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $45,000 (2025 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Crave charge?
- The disclosed ongoing royalty is 2) — 8% (2025 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is $2 (2025 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
- Does Crave disclose financial performance (Item 19)?
- No. The reviewed Crave FDD states that it does not make a financial performance representation in Item 19. Details
- How many Crave locations are there?
- The FDD reports 22 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 57). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2025 FDD (Item 7) estimates opening costs separately by format: $260,600 (Restaurant total estimated initial investment — low estimate); $266,300 (Food Truck total estimated initial investment — low estimate); $237,500 (Express Restaurant total estimated initial investment — low estimate); $275,600 (Three-business developer total estimated initial investment — low estimate, first-business buildout only); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets declined by 2 in 2024, to 22 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 4 single-unit formats
2025 FDD · Item 7
Formats disclosed in Item 7 (4)
Each format has its own total. The total depends on the format you choose.
- Express Restaurant total estimated initial investment — low estimatePDF p. 23$237,500
- Restaurant total estimated initial investment — low estimatePDF p. 21$260,600
- Food Truck total estimated initial investment — low estimatePDF p. 22$266,300
- Three-business developer total estimated initial investment — low estimate, first-business buildout onlyPDF p. 26$275,600
Standard single-unit franchise fee
2025 FDD · Item 5 · PDF p. 11
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty FeeMain ongoing fee
61 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2025 FDD for Crave has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2024 of each year.
2025 FDD · Item 20 · PDF p. 57
Net +5 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2025 Item 7 estimate ($237,500 – $275,600) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Crave reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units decreased from 24 to 22 in 2024. What drove the change?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2025 FDD)
- [1]Standard initial franchise fee — Item 5 · PDF p. 11
- [2]Outlet counts — Item 20, Table 1 · PDF p. 57
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
28 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2024 | cash and cash equivalents | $48,991 |
| 2024 | accounts receivable | $56,829 |
| 2024 | total current assets | $444,430 |
| 2024 | software | $1,600 |
| 2024 | accumulated amortization - software | -$1,600 |
| 2024 | intellectual property | $10,500 |
| 2024 | sales commissions | $59,000 |
| 2024 | total noncurrent assets | $10,500 |
| 2024 | accrued payroll | $20,982 |
| 2024 | deferred revenue - franchise sales, current portion | $925,000 |
| 2024 | total current liabilities | $1,141,951 |
| 2024 | total liabilities | $1,141,951 |
| 2024 | member's equity | -$687,021 |
| 2024 | franchise fee revenue | $475,000 |
| 2024 | royalties | $328,716 |
| 2024 | other income | $15,481 |
| 2024 | operating expenses advertising & marketing | $50,375 |
| 2024 | brand development | $151,464 |
| 2024 | legal & professional | $68,395 |
| 2024 | general & admin | $337,576 |
| 2024 | operating income | -$42,358 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$42,358 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$42,358 |
| 2024 | net cash provided by operating activities | $96,670 |
| 2024 | cash flows from financing activities notes receivable | -$18,223 |
| 2024 | distributions | -$169,340 |
| 2024 | net change in cash and cash equivalents | -$90,893 |
| 2024 | cash and cash equivalents at end of year | $48,991 |
| 2024 | total assets | $454,930 |
| 2024 | accumulated amortization - commissions | -$59,000 |
| 2024 | loan receivable | $18,223 |
| 2024 | note receivable - related parties | $320,387 |
| 2024 | accounts payable | $159,707 |
| 2024 | other current liabilities | $36,262 |
| 2024 | total operating expenses | $908,514 |
| 2024 | total liabilities and member's equity | $454,930 |
| 2024 | marketing fund | $46,960 |
| 2024 | payroll expenses | $300,704 |
| 2024 | operating cash-flow change in ap and accruals | $153,902 |
| 2024 | net operating revenue | $866,156 |
| 2024 | operating cash-flow change in accounts receivable | -$4,874 |
| 2024 | operating cash-flow change in deferred revenue | -$10,000 |
| 2024 | net cash used in financing activities | -$187,563 |
| 2024 | cash and cash equivalents at beginning of year | $139,884 |
| 2024 | total cash and cash equivalents | $48,991 |
| 2023 | total current assets | $512,226 |
| 2023 | software | $1,600 |
| 2023 | accumulated amortization - software | -$1,600 |
| 2023 | accumulated amortization - commissions | -$59,000 |
| 2023 | total noncurrent assets | $10,500 |
| 2023 | total assets | $522,726 |
| 2023 | accounts payable | $54,648 |
| 2023 | accrued payroll | $7,292 |
| 2023 | other current liabilities | $1,109 |
| 2023 | total liabilities | $998,049 |
| 2023 | member's equity | -$475,323 |
| 2023 | royalties | $366,119 |
| 2023 | marketing fund | $52,303 |
| 2023 | other income | $7,352 |
| 2023 | net operating revenue | $1,398,273 |
| 2023 | brand development | $126,686 |
| 2023 | general & admin | $336,299 |
| 2023 | payroll expenses | $267,281 |
| 2023 | total operating expenses | $895,882 |
| 2023 | operating income | $502,391 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $502,391 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $502,391 |
| 2023 | operating cash-flow change in accounts receivable | -$21,437 |
| 2023 | operating cash-flow change in deferred commissions | $33,306 |
| 2023 | operating cash-flow change in deferred revenue | -$290,000 |
| 2023 | net cash provided by operating activities | $242,837 |
| 2023 | cash flows from financing activities notes receivable | $55,951 |
| 2023 | distributions | -$483,344 |
| 2023 | net cash used in financing activities | -$427,394 |
| 2023 | net change in cash and cash equivalents | -$184,556 |
| 2023 | cash and cash equivalents at beginning of year | $324,440 |
| 2023 | cash and cash equivalents at end of year | $139,884 |
| 2023 | total cash and cash equivalents | $139,884 |
| 2023 | cash and cash equivalents | $139,884 |
| 2023 | note receivable - related parties | $320,387 |
| 2023 | intellectual property | $10,500 |
| 2023 | accounts receivable | $51,955 |
| 2023 | sales commissions | $59,000 |
| 2023 | legal & professional | $33,208 |
| 2023 | deferred revenue - franchise sales, current portion | $935,000 |
| 2023 | operating expenses advertising & marketing | $99,102 |
| 2023 | total current liabilities | $998,049 |
| 2023 | total liabilities and member's equity | $522,726 |
| 2023 | franchise fee revenue | $972,500 |
| 2023 | operating cash-flow change in ap and accruals | $18,577 |
| 2022 | cash and cash equivalents | $324,440 |
| 2022 | total current assets | $731,296 |
| 2022 | software | $1,600 |
| 2022 | accumulated amortization - software | -$1,600 |
| 2022 | intellectual property | $10,500 |
| 2022 | sales commissions | $59,000 |
| 2022 | accumulated amortization - commissions | -$25,694 |
| 2022 | total noncurrent assets | $43,806 |
| 2022 | total assets | $775,102 |
| 2022 | accounts payable | $36,368 |
| 2022 | deferred revenue - franchise sales, current portion | $1,225,000 |
| 2022 | total current liabilities | $1,269,472 |
| 2022 | total liabilities | $1,269,472 |
| 2022 | member's equity | -$494,370 |
| 2022 | total liabilities and member's equity | $775,102 |
| 2022 | franchise fee revenue | $305,000 |
| 2022 | royalties | $277,921 |
| 2022 | marketing fund | $39,703 |
| 2022 | other income | $5,828 |
| 2022 | operating expenses advertising & marketing | $25,856 |
| 2022 | brand development | $69,596 |
| 2022 | legal & professional | $26,176 |
| 2022 | general & admin | $179,333 |
| 2022 | payroll expenses | $155,936 |
| 2022 | operating income | $156,662 |
| 2022 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $156,662 |
| 2022 | operating cash-flow change in ap and accruals | -$97 |
| 2022 | net cash provided by operating activities | $740,941 |
| 2022 | cash flows from financing activities notes receivable | -$38,893 |
| 2022 | net cash used in financing activities | -$485,663 |
| 2022 | net change in cash and cash equivalents | $255,278 |
| 2022 | cash and cash equivalents at beginning of year | $69,162 |
| 2022 | cash and cash equivalents at end of year | $324,440 |
| 2022 | accounts receivable | $30,518 |
| 2022 | accrued payroll | $8,104 |
| 2022 | note receivable - related parties | $320,387 |
| 2022 | loan receivable | $55,951 |
| 2022 | total operating expenses | $471,791 |
| 2022 | operating cash-flow change in accounts receivable | -$30,518 |
| 2022 | net operating revenue | $628,453 |
| 2022 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $156,662 |
| 2022 | operating cash-flow change in deferred commissions | $14,894 |
| 2022 | operating cash-flow change in deferred revenue | $600,000 |
| 2022 | distributions | -$446,770 |
| 2022 | total cash and cash equivalents | $324,440 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
Loading…
Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.