What taxes, titles, and licenses is a Beverly Anns Cookie franchisee required to pay for 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 covering all federal and state taxes, titles, licenses, and other costs associated with titling the GRM/GRT (mobile unit). The FDD estimates include a sales or usage tax of approximately 6% of the GRM/GRT purchase price. However, the actual tax amount may vary depending on the specific tax rate in the jurisdiction where the franchisee titles their GRM/GRT.
To determine the exact costs for titling and licensing the GRM/GRT, Beverly Anns Cookie advises prospective franchisees to contact their local county clerk's office or other governmental titling office. This will provide clarity on the specific tax rate applicable in their area and any additional fees involved in the process.
It is important for potential Beverly Anns Cookie franchisees to factor in these tax, title, and licensing costs when assessing their overall initial investment. These expenses are in addition to the purchase price of the GRM/GRT and other start-up costs. Consulting with local taxing authorities and a tax advisor is recommended to ensure accurate budgeting and compliance with all applicable regulations.