What is the cost for a Burros Fries transferee to complete the required training programs?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
for the transaction), in addition to the flat $10,000 fee described above, plus the amount of any broker fees that we are responsible for paying to third parties (does not include our employees);
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- Transferee must pay for and
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to the 2024 Burros Fries Franchise Disclosure Document, a transferee must pay for and successfully complete the training programs that Burros Fries requires of new franchisees. The cost for this training is $300 per person per half day, plus Burros Fries' expenses, and is subject to increase from time to time.
This means that if you are buying an existing Burros Fries franchise from a previous franchisee, you will need to budget for the cost of training, in addition to the transfer fee and other costs associated with the purchase. The exact cost will depend on the number of people requiring training and the duration of the training program at the time of the transfer.
It is important to note that this cost is in addition to the flat transfer fee of $10,000 that Burros Fries charges for the transfer of the franchise. The FDD also states that the transferee must meet Burros Fries' then-applicable standards and not operate a similar business. Therefore, prospective transferees should carefully consider all costs and requirements before proceeding with the purchase of a Burros Fries franchise.