What is the initial franchise fee for the first Bang Cookies Development Shop?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Development Shop Initial Franchise Fee for the First Development Shop | |
|---|---|
| FIRST DEVELOPMENT SHOP: The Development Shop Initial Franchise Fee for the First Development Shop | |
| is: $35,000, payable and due upon execution of the applicable Franchise Agreement for the First Development | |
| Shop. This initial franchise fee is separate from and in addition to the Development Area Fee. |
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the initial franchise fee for the first Development Shop is $35,000. This fee is payable upon the execution of the Franchise Agreement for the first shop.
This initial franchise fee is in addition to the Development Area Fee, meaning a franchisee must pay both fees to secure the rights to develop a Bang Cookies location. The FDD specifies that this fee is for the first development shop only; subsequent shops may have different fee structures.
Prospective franchisees should note that this fee is non-refundable and is compensation to Bang Cookies for granting the franchise rights and providing initial support and training. It is important to factor this cost into the overall investment required to start a Bang Cookies franchise.