What is the initial franchise fee for Belocal, if not specified in Attachment B?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
- A. Initial Franchise Fee. Unless otherwise specified in Attachment B, Franchisor hereby waives the initial franchise fee of $735.
| Check one: | ||||
|---|---|---|---|---|
| □ | The Initial Franchise Fee of $735 is waived. | |||
| □ | The Initial Franchise Fee is due and payable upon execution of the Franchise Agreement because Franchisee is purchasing a franchise located in a Territory in which a Bridge Publication is currently located. The Initial Franchise Fee is not refundable upon any circumstances. |
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- Attachment B. Attachment B to the Franchise Agreement is hereby deleted in its entirety and is replaced with Schedule 1 to this Amendment.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the initial franchise fee is typically $735; however, Belocal may waive this fee unless otherwise specified in Attachment B. The document also includes a section where it can be acknowledged whether the initial franchise fee of $735 is waived or if it is due upon the execution of the Franchise Agreement because the franchisee is purchasing a franchise in a territory where a Bridge Publication is currently located. If the fee is due, it is non-refundable under any circumstances.
Attachment B to the Franchise Agreement, which would typically contain details about the initial franchise fee, is deleted in its entirety and replaced with Schedule 1 to the Amendment. This means that the specific terms regarding the initial franchise fee, including any potential variations or conditions, would be found in Schedule 1 of the Test Publication Amendment.
Prospective Belocal franchisees should carefully review Schedule 1 to the Test Publication Amendment to understand the exact initial franchise fee requirements for their specific territory and circumstances. They should also clarify with Belocal whether the standard $735 fee applies, is waived, or if a different fee structure is in place based on the information contained in Schedule 1. Understanding these details is crucial for accurately assessing the initial investment required to start a Belocal franchise.