What is the range for the estimated 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 means that Bombs Away charges a flat franchise fee, and all new franchisees pay the same amount. This fee is payable via check or wire transfer upon signing the franchise agreement and is non-refundable.
The initial franchise fee provides the franchisee with the right to operate a Bombs Away business under the company's brand name and system. It typically covers the franchisor's costs associated with granting the franchise, including training, support, and pre-opening assistance.
Unlike some franchises that have a tiered franchise fee based on territory size or other factors, Bombs Away has a fixed fee. Prospective franchisees should factor this cost into their initial investment and ensure they have sufficient capital to cover this expense, along with other startup costs outlined in Item 7 of the FDD.