When is the Successor Fee due for a Beem Light Sauna franchise?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Successor Fee | 25% of the then-current franchise fee. | Upon execution of successor franchise agreement | Payable if you are qualify for, and enter into, a successor term. |
Source: Item 6 — OTHER FEES (FDD pages 20–26)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, the Successor Fee is due upon the execution of the successor franchise agreement. The fee is 25% of the then-current franchise fee.
This means that if a franchisee qualifies for and enters into a successor term with Beem Light Sauna, they will need to pay this fee at the time they sign the new franchise agreement. The amount will be calculated based on the franchise fee at that time, not the original franchise fee paid.
For a prospective Beem Light Sauna franchisee, this indicates that renewing the franchise agreement will involve a significant cost. It is important to factor this potential expense into long-term financial planning. Franchisees should also be aware that the successor fee could be higher or lower than the initial franchise fee, depending on how the franchise fee changes over time.