Under what condition is the initial franchise fee of $735 waived for a Belocal franchise?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
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- A. Initial Franchise Fee. Unless otherwise specified in Attachment B, Franchisor hereby waives the initial franchise fee of $73
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the initial franchise fee of $735 is waived unless otherwise specified in Attachment B. This means that, in most cases, a new Belocal franchisee will not have to pay the initial franchise fee. However, Attachment B to the franchise agreement may contain specific conditions under which the fee is not waived.
It is important for prospective franchisees to carefully review Attachment B of the franchise agreement to determine if any conditions apply that would require them to pay the initial franchise fee. This could depend on factors such as the territory in which the franchise is located or any specific agreements made with the franchisor.
Franchise agreements often contain addenda or attachments that modify the standard terms. Therefore, prospective Belocal franchisees should pay close attention to all attachments and exhibits to fully understand their financial obligations and rights under the agreement.