To whom are deposits paid for a Burneys Sweets More franchise?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS MADE | |
|---|---|---|---|---|---|
| LOW | HIGH | ||||
| PRE-OPENING COSTS1 | |||||
| Initial Franchise Fee | $20,000 | $20,000 | Lump sum | Due on signing Franchise Agre |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–20)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the estimated initial investment includes deposits ranging from $440 to $2,200. These deposits are typically paid as a lump sum before opening the Burneys Sweets More shop. These payments are made to the landlord, utility companies, and phone companies. Note 1 of Item 7 states that individual vendors, suppliers, utilities, and landlords will have their own refund policies.
Prospective Burneys Sweets More franchisees should budget for these deposits as part of their initial costs. The exact amount will depend on the specific location and the requirements of the landlord and utility providers. It is important to clarify the refund policies with each entity to understand under what conditions these deposits might be returned.
Understanding the terms of these deposits is crucial for managing cash flow during the initial phase of setting up the franchise. Franchisees should also be aware that these deposit amounts are estimates and could vary based on local market conditions and specific vendor requirements. Therefore, thorough due diligence and clear communication with landlords and service providers are essential.