What is the veteran's discount on the initial franchise fee for a Bang Cookies franchise?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
For qualified individuals who were honorably discharged from any branch of the United States Military the Initial Franchise Fee for the first / initial Operating Territory franchise is discounted by 10%. This discount must be requested at the time of your initial franchise application and requires documented military service.
Source: Item 5 — INITIAL FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, qualified individuals who were honorably discharged from any branch of the United States Military receive a 10% discount on the initial franchise fee for their first operating territory franchise. The standard initial franchise fee is $55,000. Therefore, veterans could potentially save $5,500 on their initial franchise fee.
To qualify for this discount, the applicant must request it at the time of their initial franchise application and provide documented military service. This indicates that the discount is not automatically applied and requires proactive action from the applicant.
This type of veteran's discount is a fairly common practice among franchise systems as a way to support veterans and encourage them to become franchisees. It is important to note that this discount only applies to the initial franchise fee for the first operating territory. If a franchisee purchases additional territories, the discount may not apply to those subsequent franchise fees.