When are utility deposits, business licenses, and other prepaid expenses due for an All Team agency?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
INITIAL INVESTMENT
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Franchise Fee | $42,500 | Lump sum | At time of signing Franchise Agreement | Us |
| Leasehold improvements (if needed) Note 1 | $0 - $5,000 | Lump sum | Upon completion of the wor |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, utility deposits, business licenses, and other prepaid expenses, which range from $500 to $1,000, are due prior to opening the All Team agency. These payments are typically made in a lump sum to utilities and governmental agencies. This is a standard practice in franchising, as franchisees need to have these essential services and licenses in place before commencing operations to ensure compliance and a smooth launch.
Prospective All Team franchisees should budget accordingly to cover these initial costs. The FDD specifies that these expenses are estimates, and franchisees are encouraged to conduct their own independent investigation to determine the actual costs in their specific location. This proactive approach can help avoid unexpected financial burdens during the initial phase of setting up the All Team agency.
It is important to note that these expenses are non-refundable, as stated elsewhere in the FDD. Therefore, franchisees should carefully plan and confirm all requirements before making these payments. Understanding the timing and amounts due for these prepaid expenses is a crucial step in the financial planning process for new All Team franchisees.