What are the ongoing monthly fees that an Amerispec Inspection Services franchisee must pay to the company?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
Fee.
- 4.3 Upon the execution of this Agreement by the Company, the Initial Franchise Fee shall be deemed fully earned and non-refundable
5. ROYALTIES
- 5.1 Royalties. The Franchisee shall pay to the Company, without set off, nonrefundable royalties equal to the greater of 7% of the Gross Receipts of the Franchised Business or a minimum payment of $280 per month ("Royalties"). While Royalties are due on business generated from the date the Franchised Business commences operations, payment of the minimum fee shall commence the first full calendar month that begins 90 days after opening the Franchised Business. The Royalties are paid in consideration of the license to use the System of Operation and the Names and Marks.
- 5.2 Due Date; Interest. All monthly payments required by this Paragraph 5 and Paragraph 6 shall be paid to the Company by the day each month specified by the Company in the manuals or otherwise in writing for the preceding calendar month, and shall be submitted to the Company together with any monthly reports required under this Agreement. Any payment or report not actually received by the Company on or before such date shall be deemed overdue. If any payment is overdue, the Franchisee shall pay the Company, in addition to the overdue amount, interest on such amount from the date it was due until paid at the rate of 1.5% per month or the maximum rate permitted by law, whichever is less. If any report is overdue, the Franchisee shall pay to the Company a delinquency fee of $50.00 per delinquent report. Entitlement to such interest and/or the delinquency fee shall be in addition to any other remedies the Company may have. The Franchisee understands that the Company may, at the Company's discretion, assign the payment of such fees and the submission of the monthly reports to a third party.
- 5.3 Required Payment Method. The Franchisee must participate in the Company's then-current electronic funds transfer and reporting program(s).
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, franchisees are required to pay ongoing fees, including royalties. The franchisee will pay royalties equal to the greater of 7% of the gross receipts of the franchised business or a minimum payment of $280 per month. This royalty payment is in exchange for the license to use the System of Operation and the Names and Marks.
The minimum royalty payment of $280 per month begins the first full calendar month that starts 90 days after the Amerispec Inspection Services franchise opens. All monthly payments, including royalties, are due on the day specified by Amerispec Inspection Services in the manuals or in writing for the preceding calendar month. These payments must be submitted along with any required monthly reports.
In addition to royalties, franchisees may incur other ongoing expenses. For example, if a franchisee fails to maintain the quality standards set by Amerispec Inspection Services, the franchisee may have to pay for additional training, including wages, travel, and living expenses for the assigned trainers. Franchisees must also pay an annual renewal fee of $300 for the AmeriSpec Management System (AMS) software license each June 1. This fee may increase to reflect increased costs of providing services and software access.