When is the Reschedule of Scheduled Opening Date fee due for a Black Bear Diner franchise?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
| Number of | Franchise Fee | Development Fee |
|---|---|---|
| Franchised | ||
| Restaurants to be | ||
| Developed | $55,000 $45,000 $40,000 $32,000 | |
| Type of Fee(1) | Amount | Due Date |
| Royalty | 4.5% of Gross Sales(2) | Weekly |
| Type of Fee(1) | Amount | Due Date |
| Marketing Fund Contribution | 1% of Gross Sales | Weekly |
| Local Advertising | 1% of Gross Sales | Monthly |
| Grand Opening Advertising | $5,500 | Between 1 week prior to opening and 8 weeks after opening |
| Renewal Fee | $5,000 | Upon signing renewal documents |
| Audit Expenses | Cost of audit plus interest | As invoiced |
| Late Payment Interest | 18% of the overdue amount, calculated daily, or the maximum rate permitted by law, whichever is less | After due date |
| Black Bear Diner Gift Shop Purchases | Will vary under circumstances | As required |
| Merchant and Gift Card Processing Fees | Approximately $75 per month plus transaction fee ranging from approximately 4.7-6%. | Monthly |
| Waitlist Management System | Approximately $50-$60 per month | Monthly |
| Type of Fee(1) | Amount you Franchised Restaurant which are currently approximately $300 per inspection | Due Date |
| Reschedule of Scheduled Opening Date | Our actual costs of rescheduling which are estimated to range from $4,500 to $8,000 | At Time of Rescheduling |
| Failure to Attend Franchisee |
Source: Item 6 — OTHER FEES (FDD pages 14–18)
What This Means (2025 FDD)
According to Black Bear Diner's 2025 Franchise Disclosure Document, the Reschedule of Scheduled Opening Date fee is due 'At Time of Rescheduling.' This fee is designed to cover Black Bear Diner's actual costs associated with adjusting the opening date of a franchise location. These costs are estimated to range from $4,500 to $8,000.
For a prospective franchisee, this means that if they need to postpone their restaurant's opening, they should be prepared to pay this fee immediately when the rescheduling occurs. The exact amount will depend on the specific costs Black Bear Diner incurs due to the change. It is important to note that the estimated range provides a general idea, but the actual costs could vary.
Franchisees should carefully consider their opening timeline and try to avoid rescheduling if possible to avoid this additional expense. Understanding the factors that could lead to a delay and proactively managing those risks can help prevent the need to reschedule and incur this fee. It would be prudent for a potential franchisee to discuss with Black Bear Diner what specific circumstances might cause rescheduling costs to fall on the higher end of the estimated range.