What should a prospective Baymont Inn Suites franchisee do to determine if impact fees are assessed?
Baymont_Inn_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
This item does not include impact fees which may be assessed by local authorities or site evaluation fees, geotechnical report fees, or civil engineering fees.
You should check with the applicable local authorities to determine if impact fees are assessed and, if so, how they are calculated and the amount to be charged to your Facility.
Fees vary widely depending on your specific location and situation.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 45–53)
What This Means (2025 FDD)
According to Baymont Inn Suites's 2025 Franchise Disclosure Document, prospective franchisees should directly consult with local authorities to determine if impact fees are assessed for their facility. Impact fees are not included in the estimated initial investment figures provided in Item 7 of the FDD. These fees can vary significantly depending on the specific location and circumstances of the Baymont Inn Suites facility.
To fully understand the potential financial obligations, franchisees need to inquire with the relevant local authorities about the calculation methods and the specific amounts charged for impact fees. This due diligence is crucial because impact fees can substantially affect the overall cost of establishing and operating a Baymont Inn Suites franchise.
By proactively engaging with local authorities, potential Baymont Inn Suites franchisees can obtain accurate and location-specific information about impact fees, allowing them to make informed financial decisions and plan their investment accordingly. This step is essential for avoiding unexpected costs and ensuring the financial viability of the franchise.