When is the Auntie Annes initial franchise fee of $10,500 due?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
opening | Our designated suppliers | | | Additional Funds - 3 | $15,000 | $28,000 | As incurred | As incurred | Us, employees, | | | Months21 | | | | | vendors, etc. | | | Total Initial | $154,285 | $330,460 | | | | | | Investment22 | | | | | | |## YOUR ESTIMATED INITIAL INVESTMENT: CONCESSION SHOP - TRAILER
| Type of | Amount of I | Expenditure | Method of | When Payments | To Whom | |------------------------------------
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 44–54)
What This Means (2024 FDD)
According to the 2024 Auntie Annes Franchise Disclosure Document, the initial franchise fee of $10,500 is due at the signing of the Franchise Agreement. This fee is a lump sum payment made directly to Auntie Annes.
For a prospective franchisee, this means that upon deciding to move forward with an Auntie Annes franchise, the franchisee must be prepared to pay the $10,500 fee when they sign the agreement. This is a standard practice in franchising, as the initial fee compensates the franchisor for granting the franchise rights and providing initial support and training.
It's important to note that this $10,500 fee is just one component of the total initial investment, which also includes costs such as construction, equipment, and inventory. Franchisees should carefully review Item 7 of the FDD to understand all the costs involved in starting an Auntie Annes franchise.