When is the initial franchise fee payment due to Auntie Annes?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
000 | As incurred | Before opening | Vendors | | Additional Funds - 3 Months 21 | $15,000 | $78,000 | As incurred | As incurred | Us, employees, vendors, etc. | | Total Initial Investment 22, 24 | $441,475 | $990,400 | | | |
YOUR ESTIMATED INITIAL INVESTMENT: JAMBA CO-BRANDED SHOP 24
| Type of Expenditure | Amount of Expenditure | | Method of | When Payments Are | To Whom Payment Will | |--------------------------------------------------
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 44–54)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the initial franchise fee is due at the signing of the Franchise Agreement. The amount of this fee varies depending on the type of Auntie Annes franchise.
For a standard Auntie Annes shop, the initial franchise fee ranges from $66,000 to $71,000. For a Co-Branded shop, the initial franchise fee paid to Auntie Annes is $35,500, but there are additional fees paid to Cinnabon or Jamba. For a Concession shop (trailer or truck), the initial franchise fee is $10,500.
This means that a prospective Auntie Annes franchisee must have the full initial franchise fee amount available at the time they sign the franchise agreement to secure the rights to open and operate their franchise. This fee is typically non-refundable, so it's crucial to be certain about the decision before signing.