What is the amended statement regarding the Initial Fee payment for a Boulder Designs franchise?

According to the 2025 Boulder Designs Franchise Disclosure Document, an amendment to the franchise agreement addresses the initial franchise fee. Specifically, Section 3.1 of the Franchise Agreement is modified to state that the payment of the initial franchise fees will be deferred. This deferral is contingent upon Boulder Designs meeting its initial obligations to the franchisee and the franchisee commencing business operations.

This amendment means that a new Boulder Designs franchisee will not be required to pay the initial franchise fee upfront. Instead, the payment is delayed until Boulder Designs has fulfilled its initial responsibilities to support the franchisee in setting up the business. Furthermore, the franchisee must have started business operations before the initial fee becomes due.

This arrangement could be beneficial for franchisees as it reduces the initial financial burden and aligns the payment of the fee with the commencement of business activities. It also provides some assurance that Boulder Designs will fulfill its obligations before receiving the initial franchise fee. Franchisees should carefully review the franchise agreement and any amendments to fully understand the conditions and obligations related to the deferred payment of the initial franchise fee.