When are lease payments 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 Agreement | Us |
| Inventory2 | $8,800 | $27 |
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, lease payments are due monthly, with the specific timing dependent on the lease agreement established with the landlord. The estimated initial investment for lease costs ranges from $22,000 to $82,500. This amount covers the lease expenses incurred before the Burneys Sweets More shop opens.
Note 3 in Item 7 of the FDD indicates that these estimates assume rent payments will not commence until the shop is open for business. However, the FDD also cautions that costs may exceed the estimated range if rent payments begin before the shop's opening date. Therefore, it is critical for prospective franchisees to carefully review and understand the terms of their lease agreement to determine the exact due date for their monthly lease payments.
Prospective franchisees should also be aware that landlords typically do not refund rental payments. It would be prudent to discuss the landlord's refund policy before signing the lease agreement. Furthermore, franchisees should factor in potential construction delays, which can impact costs, especially if they choose to purchase or build a facility. Seeking professional advice is recommended in such cases. Understanding these factors will help franchisees manage their initial investment and operating costs effectively.