To whom are payments for leasehold improvements and fixtures made 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 | $27,500 | Vendor terms | Within 0 - 30 days of order |
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, payments for leasehold improvements and fixtures are made to either the supplier or the landlord. The amount for these improvements can range from $22,000 to $300,000. These payments are typically made in a lump sum, but it is possible they could be amortized by the landlord depending on the contract.
It is important for prospective Burneys Sweets More franchisees to understand to whom these payments are made, as it will affect their initial investment and ongoing financial obligations. If the payments are made to the landlord and amortized, the franchisee will have lower upfront costs but higher monthly payments. If the payments are made to a supplier in a lump sum, the franchisee will have higher upfront costs but lower monthly payments. The franchisee should carefully consider their financial situation and negotiate the payment terms that work best for them.
Before signing any agreements, Burneys Sweets More franchisees should clarify the payment terms for leasehold improvements and fixtures with both the landlord and the supplier. Understanding the refund policies of each vendor is also crucial, as the amounts paid for leasehold improvements are typically non-refundable. This due diligence can help avoid potential financial surprises and ensure a smoother start-up process.