When are deposits usually due 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, deposits, which range from $440 to $2,200, are typically due before opening. These deposits are paid in a lump sum to landlords, utilities, and phone companies. It is important for prospective franchisees to factor these costs into their initial investment. These deposits are part of the estimated initial investment.
Understanding when deposits are due is crucial for managing cash flow during the initial phase of setting up a Burneys Sweets More franchise. Franchisees should confirm the specific due dates with their landlords, utility companies, and phone service providers to ensure timely payments and avoid any service disruptions. Since these deposits can vary, it's advisable to get precise quotes and payment schedules from each entity.
Note 7 in Item 7 of the FDD clarifies that the deposit estimate includes utility deposits and fees. This means that the $440 to $2,200 range covers not just one type of deposit, but multiple potential deposits required to get the business operational. Therefore, franchisees should budget accordingly and be prepared to manage several deposit requests before opening their Burneys Sweets More shop.