When is the Systems Implementation Fee due for Best In Class Education Center's BCP-LMS?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 14.2. Royalty Fee. On the seventh (7th) day of each month (the "royalty fee due date"), you agree to pay us a monthly royalty fee equal to the greater of (a
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Best In Class Education Center Franchise Disclosure Document, the Systems Implementation Fee for BCP-LMS is due upon the execution of the Franchise Agreement. Specifically, the franchisee must pay LBIS a $2,000 fee for the initial setup and configuration of BCP-LMS at their center.
This means that a prospective Best In Class Education Center franchisee needs to have $2,000 available at the time they sign the franchise agreement to cover this initial setup cost. This fee is separate from the initial franchise fee and other potential startup costs. It is important for the franchisee to factor this expense into their initial investment calculations.
Furthermore, the FDD specifies that franchisees will also be responsible for ongoing BCP-LMS Monthly Fees, calculated based on a percentage of gross sales and monthly student user fees. Understanding the timing and amounts of these technology-related fees is crucial for managing the center's finances effectively. Franchisees should also note that LBIS reserves the right to modify or discontinue BPC-LMS at any time during the term.