When are the legal, accounting, and professional fees due for the Buildingstars On-Site Manager Program?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 7: ESTIMATED INITIAL INVESTMENT]
ON-SITE MANAGER PROGRAM
| ITEMS | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Initial Franchise Fee (See Item 5) | $5,700 – $ 6,995 ($2,000 in Monthly Contract Revenue) | Lump Sum | At time of signing Franchise Agreement | Us |
| Travel and living expenses during training | $0 - $1,000 | Lump sum | As incurred | Airlines, hotels, restaurants |
| Equipment (Note 1) | $1,200 - $3,000 | Lump sum or credit through supplier | As incurred and prior to opening | Suppliers, us or our Affiliates |
| Insurance | $100 - $1,000 | Lump sum | Monthly | Insurance company and/or us |
| Legal, accounting and professional fees | $500 - $1,000 | Lump sum | Prior to opening | Attorneys, accountants, etc. |
| Opening inventory (supplies) | $200 – $600 | As incurred | Prior to opening | Suppliers, or us or our Affiliates |
| Additional Funds – 3 months ( Note 2 ) | $0 - $500 | As incurred | As incurred | Employees, suppliers, utilities |
| TOTAL | $7,700 - $14,095 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–18)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, legal, accounting, and professional fees for the On-Site Manager Program are due prior to opening. These fees, paid as a lump sum to attorneys, accountants, etc., are estimated to range from $500 to $1,000.
This means that a prospective Buildingstars On-Site Manager franchisee should budget for these expenses and plan to pay them before their franchise location is operational. These fees cover the costs of professional services required to set up the business, such as legal advice on contracts and business structure, and accounting assistance for initial financial setup.
It is important for potential franchisees to factor these upfront costs into their initial investment calculations. The FDD provides an estimated range, but the actual cost may vary depending on the professionals the franchisee chooses to hire and the complexity of their specific circumstances. Therefore, it is advisable to consult with local attorneys and accountants to get a more precise estimate for these services.