edge_case

Can the initial franchise fee for Bombs Away be negotiated?

Bombs_Away Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 4.1 Initial Franchise Fee. Upon signing this Agreement, Franchisee shall pay an initial franchise fee in the amount stated on the Summary Page. This initial franchise fee is not refundable.

Source: Item 5 — INITIAL FEES (FDD page 9)

What This Means (2024 FDD)

According to the 2024 Bombs Away Franchise Disclosure Document, the initial franchise fee is determined by the amount stated on the Summary Page of the franchise agreement. The FDD explicitly states in Article 4.1 that, 'Upon signing this Agreement, Franchisee shall pay an initial franchise fee in the amount stated on the Summary Page. This initial franchise fee is not refundable.'

This indicates that the initial franchise fee is a fixed amount determined by Bombs Away and is not subject to negotiation. The language 'in the amount stated on the Summary Page' suggests that the fee is predetermined and standardized for all franchisees.

Prospective franchisees should be aware that the initial franchise fee is non-refundable, so they should conduct thorough due diligence before signing the agreement and paying the fee. While the FDD does not explicitly forbid negotiation, the clear statement that the fee is 'in the amount stated' implies a lack of flexibility.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.