How is the optional payroll supplier fee determined for Bombs Away franchisees?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks | ||
|---|---|---|---|---|---|
| Currently, $30-$100 | We require you to use certain software as | ||||
| per staff member, | described in Item 11. You pay | ||||
| per month; also | subscription/technology fees directly to | ||||
| fees paid to | us. | ||||
| suppliers: $35 up to | |||||
| 5 vehicles per month | |||||
| or $8/vehicle/mo for | |||||
| GPS tracking, | |||||
| $25/month for single | |||||
| user for phone | |||||
| system paid; $25 per | |||||
| background check; | |||||
| $25/month | |||||
| Quickbooks Online; | |||||
| optional payroll | |||||
| supplier fee | |||||
| $80based on | |||||
| number of | |||||
| employees |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the optional payroll supplier fee is $80, based on the number of employees. This means that franchisees who choose to use the optional payroll supplier will pay a fee that scales with the size of their workforce.
This fee is listed among other fees that Bombs Away franchisees may encounter, such as software subscription fees, GPS tracking fees, and background check fees. It's important to note that while the payroll supplier fee is optional, other fees, like those for required software, are mandatory.
Prospective Bombs Away franchisees should consider the number of employees they anticipate having and factor this payroll supplier fee into their operating expenses if they plan to utilize this optional service. Understanding the cost structure associated with various vendors and suppliers is crucial for accurate financial planning.