When are the initial franchise fees for Bananas Smoothies Frozen Yogurt collected, and are they refundable?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
A. The Franchisee shall pay the total Initial Franchise Fee stated on the Franchise Agreement Summary Page, payable in full upon execution of the Franchise Agreement.
The Initial Franchise Fee is fully earned when paid, and non-refundable except if otherwise expressly provided herein.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt FDD, the initial franchise fee is due in full when the Franchise Agreement is executed. The FDD states that the initial franchise fee is considered fully earned upon payment. Generally, the initial franchise fee is non-refundable unless explicitly stated otherwise in the agreement.
Specifically, the Bananas Smoothies Frozen Yogurt FDD states that the initial franchise fee is non-refundable unless expressly provided in the franchise agreement. This means that under normal circumstances, a franchisee will not receive a refund of their initial franchise fee once it has been paid to Everything Yogurt Brands, LLC.
Prospective franchisees should carefully review the franchise agreement and disclosure document for any specific conditions under which a refund of the initial franchise fee might be possible. It is also advisable to seek legal counsel to fully understand the terms and conditions related to fee payment and refund policies before signing the agreement.