When are dues and subscriptions payments due for a Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of expenditure | Amou | nt | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Inventory | $500 - | $1,000 | Check, debit, and/or credit | Upon ordering | Vendors |
| Licenses and Permits | $100 - | $500 | Check | Upon application | Government |
| Due |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, dues and subscriptions are part of the estimated initial investment. These payments, which range from $40 to $500, are due as incurred.
This means that a new Bombs Away franchisee will need to budget between $40 and $500 for dues and subscriptions as part of their startup costs. These payments are made to vendors and trade organizations. The timing of these payments will depend on when the franchisee incurs these expenses, so it's important to factor them into their initial financial planning.
It is typical for franchises to have ongoing fees for various services and memberships. The 'as incurred' payment schedule means franchisees should be prepared to pay these dues and subscriptions as they come up, rather than in a lump sum or on a fixed schedule. This could include subscriptions to industry-specific publications or memberships in relevant trade organizations that can support the Bombs Away business.