When is the initial franchise fee due for an Annex Brands Express Retail Center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure (1) | Amount (2) | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial franchise fee (3) | $17,500 | Lump sum | On signing franchise agreement | Us |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to the 2025 FDD, the initial franchise fee for an Annex Brands Express Retail Center is due upon signing the franchise agreement. The initial franchise fee for an Express Retail Center is $17,500, and it must be paid as a lump sum to Annex Brands.
This means that a prospective Annex Brands franchisee must have the full $17,500 available at the time they sign the agreement to become a franchisee. This is a standard practice in franchising, as the initial fee compensates the franchisor for granting the franchise rights and providing initial training and support.
It is important to note that this fee is generally non-refundable, although Item 5 of the FDD may provide more information about possible discounts or circumstances under which a portion of the fee may be refundable. Therefore, a potential franchisee should carefully review Item 5 and consider this payment schedule when planning their initial investment.