When is the initial franchise fee due for a Bananas Smoothies Frozen Yogurt franchise?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
on the territory requested.
Note 2: If you participate in the Area Development Program you must own and operate a minimum of two franchised locations. Included in the amount set forth is the full franchise fee of $25,000 USD for each of the two Green Leaf's Beyond Great Salads and/or Bananas Smoothies & Frozen Yogurt franchised restaurant concepts in the Continental U.S. ($35,000 USD for each franchised restaurant when located outside of the Continental U.S. [Alaska, Hawaii and U.S. Territories]) of which one half of the total initial franchise fee is due upon signing
the Deposit Agreement ($25,000 USD) and the balance of the initial franchise fee for the second location (in this example would be $25,000 USD) is paid upon signing the Franchise Agreement.
Note 3: All fees payable to us are fully earned when paid and non-refundable.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–31)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the timing of the initial franchise fee depends on whether the franchisee is participating in the Area Development Program. For those entering the Area Development Program, which requires a minimum of two locations, one half of the total initial franchise fee is due upon signing the Deposit Agreement, and the balance is paid upon signing the Franchise Agreement.
For franchisees in the Continental U.S. participating in the Area Development Program, the initial franchise fee is $25,000 per location. Therefore, one half of the total initial franchise fee ($25,000) for the first location is due upon signing the Deposit Agreement, and the remaining $25,000 for the second location is due upon signing the Franchise Agreement. For locations outside the Continental U.S. (Alaska, Hawaii, and U.S. Territories), the initial franchise fee is $35,000 per location.
All fees paid to Bananas Smoothies Frozen Yogurt are fully earned when paid and are non-refundable. This means that once the Deposit Agreement is signed and the initial payment is made, the franchisee will not receive a refund, even if they later decide not to proceed with the franchise. It is important for prospective franchisees to carefully consider these terms and seek professional advice before making any payments.