What is the minimum initial franchise fee for a Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
NITIAL INVESTMENT
| Type of expenditure | An | ount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $30,000 | - | $30,000 | Check or wire transfer | Upon signing the franchis |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the initial franchise fee ranges from $30,000 to $30,000. This fee is payable via check or wire transfer upon signing the franchise agreement and is paid directly to Bombs Away.
The initial franchise fee is a standard payment in the franchising world. It grants the franchisee the right to operate under the Bombs Away brand and utilize its system. This fee is typically non-refundable, as noted elsewhere in Item 7.
Prospective Bombs Away franchisees should be aware of this upfront cost and factor it into their initial investment calculations. It is important to note that this fee is just one component of the total estimated initial investment, which ranges from $51,740 to $113,000.