What is the range of the initial franchise fee for an Afuri Ramen Dumpling franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| TYPE OF | AMOUNT | METHOD OF | WHEN DUE | PAYMENT IS TO | |
|---|---|---|---|---|---|
| EXPENDITURE | LOW | HIGH | PAYMENT | BE MADE | |
| Initial Franchise Fee for | $75,000 | $165,000 | Cash | At Signing | Us |
| Multiple Franchise | |||||
| Purchaser (1) |
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 initial franchise fee ranges from $75,000 to $165,000 for a multiple franchise purchase. This fee is paid in cash at the time of signing the agreement and is payable to the franchisor.
For a single Afuri Ramen Dumpling franchise, the initial franchise fee is $45,000. However, if a franchisee purchases multiple franchises simultaneously, the initial fee for the first franchise is $45,000, and the fee for each additional franchise is reduced to $30,000.
The low end of the $75,000 to $165,000 range is based on purchasing the right to develop two franchises, while the high end is based on purchasing the right to develop five franchises. This fee covers the initial training program for the owners, General Manager, Kitchen Manager, Bar Manager, and Commissary Manager, but the franchisee is responsible for covering the expenses associated with the training, such as transportation, meals, and lodging.