What is the estimated range for legal and accounting expenses during the initial investment phase for an Anago franchise?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expense1 | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial Fee / Subfranchise Fee2 | $98,000 | Lump Sum | Upon signing the Subfranchise Rights Agreement | Us |
| Legal and | $5,000 to | As arranged | As incurred | Attorneys and |
| Accounting3 | $15,000 | Accountants |
Source: Item 7 — YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the estimated initial investment for legal and accounting fees ranges from $5,000 to $15,000. These costs are paid to attorneys and accountants as services are incurred.
These fees cover services such as the preparation of the Franchise Disclosure Document (FDD) and applications and registrations for offering and selling franchises. Anago will assist in the FDD development by providing a current template. As part of the FDD development, franchisees are required to provide audited financials on an annual basis, the cost of which is included in this estimate.
Prospective Anago franchisees should consider that these are estimates and actual costs may vary. It is advisable to consult with experienced legal and financial advisors to develop a comprehensive business plan and financial projections. These professionals can help navigate the specific legal and accounting requirements in the franchisee's area and ensure compliance with all regulations.