If I purchase an existing Afuri Ramen Dumpling franchise, what additional costs might I incur?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Transfer Fee. The Transfer Fee is payable by you or the transferee if you transfer your franchise (see Franchise Agreement, Section 7.1).
- If you obtain a franchise by purchasing the business of one of our existing franchisees, then you may also incur certain costs associated with bringing your Franchised Operation into compliance with our requirements.
Source: Item 6 — Other Fees (FDD pages 11–16)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, if you obtain a franchise by purchasing the business from an existing franchisee, you may incur costs to bring the franchise into compliance with Afuri Ramen Dumpling's current requirements. These costs are in addition to the transfer fee associated with the transfer of the franchise.
Other fees that you may incur include costs for non-cash payment systems, which cover all expenses related to accepting debit cards, credit cards, and other specified payment methods. You may also be charged $500 for a manual replacement fee if you lose the copy of the Operations Manual that is loaned to you. A re-inspection fee of $500 per re-inspection may be imposed if Afuri Ramen Dumpling has to revisit your location after you have been notified of deficiencies.
Additional fees could arise from sanitation and food safety audits, with the cost of the inspection being your responsibility. If your revenue is understated by more than 2% or if you fail to submit required reports on time, you may have to cover the costs of a business/financial audit. Furthermore, if you choose to participate in an Advisory Council, you will be responsible for any related expenses, such as travel and accommodation. These fees are uniformly imposed and generally non-refundable, although fees for non-cash payment systems and sanitation and food safety audits may be payable to third parties.