How is the Bananas Smoothies Frozen Yogurt renewal fee calculated, and when is it due?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee 1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Renewal fee | 50% of the then current Initial Franchise Fee | On or before date of expiration of Franchise Agreement | Upon execution of renewal documents |
Source: Item 6 — OTHER FEES (FDD pages 17–19)
What This Means (2025 FDD)
According to the 2025 Bananas Smoothies Frozen Yogurt Franchise Disclosure Document, the renewal fee is 50% of the then-current Initial Franchise Fee. This means that the amount required to renew the franchise agreement will depend on what the standard initial franchise fee is at the time of renewal, not what the franchisee originally paid.
The renewal fee is due on or before the date of expiration of the Franchise Agreement. Payment is required upon the execution of renewal documents, meaning the franchisee must pay when they sign the paperwork to extend their franchise term.
Franchise agreements typically last for a set number of years, and renewal is not guaranteed. The franchisee must meet certain conditions and be approved by Bananas Smoothies Frozen Yogurt to be eligible for renewal. It is important to note that the initial franchise fee may increase over time, so the renewal fee could potentially be higher than what the franchisee initially paid to start the business.