factual

Where can I find information regarding the initial franchise fee for a Baya Bar franchise?

Baya_Bar Franchise · 2024 FDD

Answer from 2024 FDD Document

YOUR ESTIMATED INITIAL INVESTMENT

(1) (2) (3) (4) (5)
Type of Expenditure Amount Method of Payment When Due To Whom Payment is to be Made
Initial Franchise Fee (1) $35,000 Lump Sum When Franchise Agreement Signed Us
3 Months (2) $6,500 As arranged As arranged La

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–20)

What This Means (2024 FDD)

According to Baya Bar's 2024 Franchise Disclosure Document, the initial franchise fee can be found in Item 5 and is also referenced in Item 7, specifically in the table outlining the estimated initial investment. For a single-unit franchise, the initial franchise fee is $35,000. This fee is paid in a lump sum when the Franchise Agreement is signed and is payable to Baya Bar.

For a Multi-Unit Developer agreement, the initial development fee is $62,500, also paid as a lump sum upon signing the Multi-Unit Development Agreement to Baya Bar. If a franchisee chooses to develop additional Shops beyond the initial three, the development fee will increase by $7,500 for each additional Shop.

Item 7 provides a comprehensive overview of various estimated initial expenditures, including rent, utility security deposits, design and architect fees, leasehold improvements, signage, equipment, furniture and fixtures, point of sale and computer equipment, business licenses and permits, professional fees, insurance, initial inventory, uniforms and office supplies, training expenses, grand opening marketing, web and social media marketing, and additional funds. These costs, combined with the initial franchise fee, contribute to the total estimated initial investment for a Baya Bar franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.