What is the minimum renewal fee for a Better Blend franchise agreement?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| 50% of the then- | Payable if you enter into a successor | ||
| current franchise fee, | franchise agreement at the end of your | ||
| but not less than | agreement term. | ||
| $17,500 | |||
| $17,500 plus any | |||
| broker fees and other | |||
| out-of-pocket fees | |||
| we incur |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, if a franchisee enters into a successor franchise agreement at the end of their current term, they will need to pay 50% of the then-current franchise fee. However, the minimum renewal fee will be no less than $17,500.
In addition to the $17,500, Better Blend may also charge the franchisee for any broker fees and other out-of-pocket fees that they incur during the renewal process. This means that the actual cost to renew the franchise agreement could be higher than the stated minimum.
It is important for prospective franchisees to understand all the potential costs associated with renewing their franchise agreement, as these fees can significantly impact their profitability. Franchisees should also inquire about any potential increases to the standard franchise fee, as this would directly impact the renewal fee amount.