What is the current National Branding Fee for a Bor Restoration franchise?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| TYPE OF FEE | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| National Branding Fee | Currently, none. | Payable with Royalty. | We may, in the future, collect a percentage of your Gross Sales or a fixed dollar figure to fund national branding events and social media advertising materials. We will give you no less than 60 days prior written notice before implementing this fee or, once implemented, before changing this fee. Payable to us. |
| Regional Advertising Cooperative Fee | Currently, none. If a Regional Advertising Program is established, you may be required to contribute a specified part of your Local Advertising Fee and National Branding Fee. | Payable with Royalty. | Payable to the cooperative. We have not determined any formula for calculating the percentage of your Local Advertising Fee that would be paid to the cooperative. (Item 11). |
Source: Item 6 — Other Fees (FDD pages 10–15)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the current National Branding Fee is none. However, Bor Restoration may, in the future, collect a percentage of a franchisee's Gross Sales or a fixed dollar figure to fund national branding events and social media advertising materials.
Bor Restoration will provide no less than 60 days prior written notice before implementing this fee or, once implemented, before changing this fee. If a Regional Advertising Program is established, franchisees may be required to contribute a specified part of their Local Advertising Fee and National Branding Fee.
It is important to note that while the National Branding Fee is currently $0, Bor Restoration retains the right to implement and modify this fee with 60 days' notice. Prospective franchisees should factor in the potential for this additional cost when evaluating the financial feasibility of a Bor Restoration franchise.