When is the Burneys Sweets More initial franchise fee considered fully earned?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 5 — INITIAL FEES (FDD pages 10–11)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the initial franchise fee of $20,000 is considered fully earned when the franchise agreement is signed. This fee is payable in a lump sum at the time of signing.
This means that Burneys Sweets More recognizes the full initial franchise fee as revenue as soon as the agreement is executed. For a prospective franchisee, this implies that the $20,000 is non-refundable from the moment the agreement is signed, regardless of whether the store ever opens or if the franchisee later decides not to proceed.
Burneys Sweets More states explicitly that the initial franchise fee is not refundable under any circumstances. The FDD also indicates that the initial franchise 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 approved point-of-sale system.