factual
Is there any circumstance described in Item 5 where the Benihana franchise fee is refundable?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
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ITEM 5. INITIAL FEES
All franchisees purchasing a franchise under this Disclosure Document will pay to us a non-refundable franchise fee (the "Franchise Fee") of Forty Thousand Dollars ($40,000), which is due upon
Source: Item 5 — INITIAL FEES (FDD pages 17–18)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the initial franchise fee of $40,000 is non-refundable. This fee is due upon signing the Franchise Agreement. Therefore, under no circumstance is the initial franchise fee refundable according to Item 5.
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.