When is the development fee for a Best In Class Education Center franchise due?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5. DEVELOPMENT FEE. At the time you sign this Agreement, you must pay us the development fee set forth in Part B of ATTACHMENT "A", which is calculated as the sum of the total aggregate Initial Franchise Fees for all Centers listed in the Development Schedule. The development fee is fully earned and nonrefundable upon execution of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Best In Class Education Center FDD, the development fee is due at the time you sign the Development Agreement. The development fee is calculated as the sum of the total aggregate Initial Franchise Fees for all Centers listed in the Development Schedule. Once paid, the development fee is considered fully earned and is nonrefundable.
This means that if you are planning to open multiple Best In Class Education Center franchises under a development agreement, you must pay the entire development fee upfront when you sign the agreement. This fee covers the initial franchise fees for all the centers you plan to develop.
Since the fee is nonrefundable, it's crucial to carefully consider your development plans and financial capabilities before signing the agreement. Prospective franchisees should ensure they have sufficient capital to cover not only the development fee but also the costs associated with opening and operating each Best In Class Education Center location.