When is the Bevaris Alliance franchise fee due?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount Est. Low Range | Amount Est. High Range | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|---|
| Franchise Fee for a single franchise (Note 1) | $25,000 | $25,000 | Lump sum | On signing franchise agreement | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 10–11)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the franchise fee is due upon signing the franchise agreement. The franchise fee for a single franchise is a lump sum payment of $25,000, which is paid directly to Bevaris Alliance. This fee is part of the estimated initial investment, which ranges from $82,250 to $502,000.
Prospective franchisees should be aware that, according to Note 1, this franchise fee is generally non-refundable, so careful consideration should be given before signing the agreement. It is common practice in the franchise industry for the franchise fee to be due upon signing the agreement, as it secures the franchisee's rights to operate under the Bevaris Alliance brand and utilize its system.
In addition to the franchise fee, the initial investment includes other expenses such as a rebate ($1,500 to $12,000), POS/Back Office system ($500 to $5,000), initial inventory and office supplies ($8,000 to $150,000), licenses and permits ($1,000 to $5,000), professional fees ($1,000 to $50,000), insurance ($250 to $50,000), training expenses ($5,000 to $20,000), additional funds/working capital ($30,000 to $100,000), kitchen equipment ($5,000 to $75,000), and start-up expenses ($5,000 to $10,000). These figures are estimates and can vary based on factors such as location, management skills, and local economic conditions. Franchisees should review these figures carefully with a business advisor before making any decision to purchase the franchise.