What is the Amerispec Inspection Services manual's section on initial franchise fee titled?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
modification of an obligation, extension of time to pay or perform any other obligation, Franchisee and each of its owners and/or affiliate of Franchisee must execute a general release.
4. INITIAL FRANCHISE FEE
- 4.1 The Franchisee shall pay to the Company an Initial Franchise Fee of Forty Thousand Dollars ($40,000). The Initial Franchise Fee is discounted 20% if the Franchisee is either an individual who has been, or a legal entity with at least a majority owned by individual(s) who have been, honorably discharged from the U.S. Army, Navy, Air Force, Marines, or Coast Guard (Military Discount). For existing franchisees of AmeriSpec or its affiliates who are in good standing, the Initial Franchise Fee is discounted 15%. For women-owned or minority businesses, the Initial Franchise Fee is discounted 10%.
- 4.2 If the Franchisee is eligible for more than one discount for the reasons described above, only the largest discount for which the Franchisee is
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, section 4 of Item 23 is titled "INITIAL FRANCHISE FEE". This section outlines the initial fee a franchisee must pay to Amerispec Inspection Services.
The standard initial franchise fee is $40,000. However, Amerispec Inspection Services offers discounts to certain individuals. Honorably discharged veterans from the U.S. Army, Navy, Air Force, Marines, or Coast Guard receive a 20% discount. Existing franchisees in good standing receive a 15% discount, while women-owned or minority-owned businesses receive a 10% discount.
It's important to note that only the largest applicable discount will be applied if a franchisee qualifies for multiple discounts. Once Amerispec Inspection Services executes the franchise agreement, the initial franchise fee is considered fully earned and is non-refundable. This means that regardless of whether the franchisee ever opens for business, the initial fee will not be returned.