factual
What is the minimum Local Advertising Fee for a Bor Restoration franchise?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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| TYPE OF FEE | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| (Note 1) Local Advertising | The greater of $1,500 or | As incurred. | You pay local suppliers, subject to our |
| Fee | 5% of Gross Sales per month. | approval. The Local Advertising Fee will also be used for internet advertising (Item 11). We may require your expenditures to be used in the Regional Advertising Cooperative. We may increase this amount at any time to no more than 6% or $2,000 after first giving you no less than 60 days prior writt |
Source: Item 6 — Other Fees (FDD pages 10–15)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees must pay a Local Advertising Fee. The fee is the greater of $1,500 or 5% of Gross Sales per month. This fee is paid to local suppliers, subject to Bor Restoration's approval.
The Local Advertising Fee is also used for internet advertising. Bor Restoration may require franchisees' expenditures to be used in the Regional Advertising Cooperative.
Bor Restoration can increase the Local Advertising Fee at any time, but it will not exceed 6% or $2,000 after providing at least 60 days' prior written notice.
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.