What is the initial franchise fee for the first Aplus store to be developed?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| EFFECTIVE DATE: | |
|---|---|
| DEVELOPER: | |
| ADDRESS FOR NOTICES: | |
| TELEPHONE NUMBER: | |
| E-MAIL ADDRESS: | |
| DEVELOPMENT AREA: | Excluding any "Captive Markets" in this area |
| TOTAL NUMBER OF STORES | |
| TO BE DEVELOPED: | |
| AUTHORIZED BRAND(s): | ☐ number of APLUS® convenience store ☐ number of fueling station1 |
| DEVELOPMENT FEE: | $ |
| INITIAL FRANCHISE FEE | $15,000 |
| FOR THE FIRST STORE TO | |
| BE DEVELOPED: | |
| PREPAID PORTION OF THE | plus |
| INITIAL FRANCHISE FEE | |
| FOR THE SECOND AND EAC |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the initial franchise fee for the first store to be developed is $15,000. This fee is specified within the context of the Development Agreement, outlining the financial obligations a developer undertakes when committing to open multiple Aplus locations.
For the second and each subsequent store, a prepaid portion of the initial franchise fee is $7,500 per store, which contributes to a total of $15,000 for each store. This indicates that while the initial fee remains consistent across all stores developed under the agreement, the payment structure varies slightly after the first location.
Prospective Aplus developers should note that these fees are part of the broader financial commitments required, including potential development fees and other costs associated with site surveys and project management. Understanding the payment schedule and the non-refundable nature of certain fees, such as the Development Fee, is crucial for financial planning.