What is the payment method for the Architect & Engineering Fee for a Big Blue Swim School?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
ITIAL INVESTMENT**
| Type of expenditure | Amount (Low/High) | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Non-Construction | ||||
| Costs | ||||
| Initial Franchise Fee(1) | Low - $50,000 High - $50,000 | Lump sum | When you sign Franchise Agreement | Us |
| Real Estat |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 25–29)
What This Means (2025 FDD)
According to Big Blue Swim School's 2025 Franchise Disclosure Document, the Architect & Engineering Fee ranges from $75,000 to $105,000. This fee is paid as a lump sum and is due as incurred to the architect.
This means that a prospective Big Blue Swim School franchisee should budget between $75,000 and $105,000 for architectural and engineering services. This payment will be made in a single installment as the expenses are incurred during the pre-construction phase. It is important for franchisees to factor this cost into their initial investment and to ensure they have sufficient capital to cover this expense when it becomes due.
Understanding the payment terms and schedule for fees like the Architect & Engineering Fee is crucial for managing cash flow during the initial setup phase of a Big Blue Swim School franchise. Franchisees should communicate closely with their architect to understand the billing schedule and ensure timely payments to avoid any delays in the construction process.