Where in the Burneys Sweets More Franchise Agreement can I find information about fees?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 5: INITIAL FEES]
The initial franchise fee to open a BURNEY'S SWEETS & MORE Shop is $20,000. This initial franchise fee includes training for you (or, if you are a corporate entity, for one of your principals) and your manager at our training facility. The initial franchise fee also includes one terminal for the approved point-of-sale system. The initial franchise fee is payable in lump sum and is due and fully earned at the time you sign the franchise agreement and is not refundable
under any circumstances. During our last fiscal year, our initial franchise fee was uniformly applied. [Item 6: OTHER FEES]
Note 1. All fees and expenses described in this Item 6 are non-refundable and, unless otherwise indicated in this Item, are imposed uniformly by, collected by, and are payable to, us. We have the right to adjust the fees according to market conditions, including inflation.
[Item 22: CONTRACTS]
- (vi) Renewal Fee.
Franchisee has paid to Franchisor a renewal fee of Eight Thousand Five Hundred Dollars ($8,500), which fee shall be due in immediately available funds upon the execution of the Renewal Agreement.
For the avoidance of doubt, Franchisee shall pay the aforementioned renewal fee prior to each Renewal Term.
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 23–25)
What This Means (2025 FDD)
According to the 2025 Burneys Sweets More Franchise Disclosure Document, specific sections within the Franchise Agreement address various fees. Item 5 details the initial franchise fee, which is a one-time payment of $20,000 due upon signing the agreement. This fee covers training for the franchisee (or a principal if the franchisee is a corporation) and their manager, as well as one terminal for the point-of-sale system.
Item 6, titled "Other Fees," indicates that all fees and expenses outlined in that section are non-refundable unless otherwise specified. Burneys Sweets More retains the right to adjust these fees based on market conditions, including inflation. Additionally, Item 22, which covers contracts, mentions a renewal fee of $8,500 that franchisees must pay to Burneys Sweets More upon executing a Renewal Agreement for each renewal term.
These references show that information regarding fees is spread across multiple sections of the Burneys Sweets More Franchise Agreement, and a prospective franchisee should carefully review each of these sections to fully understand the financial obligations involved.