What are the acceptable methods of payment for the initial franchise fee for an Afuri Ramen Dumpling franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Initial Franchise Fee1 | $45,000 | Cash, Certified Check or Wire Transfer | Upon execution of the Franchise Agreement | Us |
Source: Item 7 — Estimated Initial Investment (FDD pages 16–22)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the acceptable methods of payment for the initial franchise fee are cash, certified check, or wire transfer. This payment is due upon the execution of the Franchise Agreement and is made payable to "Us," meaning the franchisor. The initial franchise fee for a single franchise is $45,000.
For franchisees purchasing multiple Afuri Ramen Dumpling franchises, the initial franchise fee structure changes. The initial franchise fee for the first franchise is $45,000, but the fee is reduced to $30,000 for each additional franchise purchased. This provides a cost savings for those looking to expand quickly within a given territory.
It is important to note that the FDD states that Afuri Ramen Dumpling does not offer financing for any initial expenses. Therefore, prospective franchisees must secure their own funding through personal savings, loans, or other external sources. Understanding the payment methods and fee structure is a crucial first step for anyone considering investing in an Afuri Ramen Dumpling franchise.