factual

How many additional terms can a Burneys Sweets More franchisee renew for?

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

Name of Fee1 Amount Due Date Remarks
Transfer Fee 50% of then-current initial franchise fee. When the transfer application is submitted. Fee must be deposited with us on a non-refundable basis upon notification to us of a proposed transfer and prior to our undertaking any review, drafting of documents, training, or other activities. If we do not approve the transfer, the transfer fee will be returned minus our expenses incurred (including legal fees) for review and consideration of the transfer.
Renewal Fee $8,500. Upon signing a of new franchise agreement. Payable in immediately available funds. You have the right to renew for 2 additional terms of 5 years each.
Audit Fee The greater of $1,500 or actual cost of audit. At once if audit shows 2% or greater underpayment. You also pay the underpayment, if any. We pay for the audit if underpayment is 2% or less.
Collection and Interest Charges 10% or highest lawful rate if lower. Immediately if payments not made when due. This charge is in addition to other remedies such as late payment fees.
Conferences and Conventions $500 to $1,000. Upon invoicing. We reserve the right to charge you for your share of our cost to put on conferences and conventions you attend.
Additional Training Standard rate of $250 per day per trainer plus out of pocket expenses and travel. Travel costs will include reimbursement for mileage at the then current IRS published rate. 30-day notice of additional training with payment due before training class begins. You remain responsible for paying your and your employees' lodging, transportation, and food expenses incurred for additional training. You may request additional training, or we may determine that additional training is necessary.

Source: Item 6 — OTHER FEES (FDD pages 11–17)

What This Means (2025 FDD)

According to Burneys Sweets More's 2025 Franchise Disclosure Document, a franchisee has the right to renew their franchise agreement for two additional terms. Each of these renewal terms is for a period of five years. To exercise this right, the franchisee must sign a new franchise agreement and pay a renewal fee of $8,500. This fee is payable in immediately available funds at the time of signing the new agreement.

This renewal option provides Burneys Sweets More franchisees with the opportunity to extend their business operations beyond the initial term, offering long-term stability and potential for continued growth. The $8,500 renewal fee is a significant cost that franchisees must consider when planning for the future of their business. It is important to note that the fee must be paid in full when the new agreement is signed.

The availability of renewal terms is a common feature in franchise agreements, allowing franchisees to continue operating their business if they meet certain conditions and pay the required fees. The length of the renewal terms and the associated fees can vary among different franchise systems. Prospective Burneys Sweets More franchisees should carefully review the terms and conditions of the renewal process to ensure they understand their rights and obligations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.