What taxes are Beverly Anns Cookie franchisees required to pay regarding the GRM/GRT?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Tax, Title, and Licensing of GRM/GRT.
You are required to pay all federal and state tax, title, licenses, and other costs of titling the GRM/GRT.
The estimates above include a sales (or usage) tax of an estimated 6% of the purchase price of the GRM/GRT.
The actual amount may be more depending on the tax rate in the jurisdiction where you title your GRM/GRT.
You should check with your local county clerk's office or other governmental titling office for your state's tax rate and the exact cost to title and license your GRM/GRT.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–29)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, franchisees are responsible for paying all federal and state taxes, title, licenses, and other costs associated with titling the GRM/GRT (Goods Ready Made/Goods Ready to Transport). The FDD includes an estimated sales or usage tax of 6% of the GRM/GRT purchase price. However, the actual tax amount may vary depending on the specific tax rate in the franchisee's jurisdiction.
To determine the exact tax rate and costs for titling and licensing the GRM/GRT, prospective Beverly Anns Cookie franchisees should contact their local county clerk's office or other governmental titling office. This due diligence is essential for accurately budgeting the initial investment.
Beverly Anns Cookie franchisees should also consult with their tax advisor to ensure full compliance with all applicable tax laws and regulations. Understanding these tax obligations is a critical aspect of managing the financial responsibilities of operating a Beverly Anns Cookie franchise.