When are the payments for furniture, fixtures, and equipment due for a Better Blend franchise?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISE AGREEMENT
| Type of expenditure | Amour | nt | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $35,000 - | $35,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent (one month) (see |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–17)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, payments for furniture, fixtures, and equipment are due as incurred. The estimated cost for these items ranges from $50,000 to $80,000.
Better Blend franchisees can make these payments using a check, debit card, or credit card. Payments are made directly to the vendors and suppliers providing the furniture, fixtures, and equipment.
This 'as incurred' payment schedule means franchisees will likely need to manage their cash flow carefully during the setup phase. They should budget appropriately and ensure they have sufficient funds available when invoices from vendors and suppliers become due. This is a fairly standard practice in franchising, as it allows franchisees to pay for items as they are acquired or installed, rather than requiring a large upfront payment.