Where in the Burros Fries FDD can I find information about the franchisee's initial franchise fee?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
iled in the Franchise Disclosure Document, and has sufficient cash resources available to meet said expenses. These start-up costs include the Initial Franchise Fee.
9. FRANCHISEE'S INITIAL FRANCHISE FEE
A. Initial Franchise Fee and Payment
By executing this Franchise Agreement, the applicant agrees to become a Franchisee and pay an Initial Franchise Fee in the amount of Thirty-Five Thousand dollars ($35,000) for a Burros & Fries Business. This Initial Franchise Fee includes a license to operate a single Burros & Fries Business in a Territory that is up to three (3) miles driven in any direction from the Business determined by boundaries as described in Section 6 of this Agreement. The Initial Franchise Fee includes a regional web page housed within our national website, the complete training program at our corporate headquarters and manuals. We choose to allocate some of that time to pre-opening or grand opening assistance.
The Initial Franchise Fee per this Agreement is due upon execution of this Franchise Agreement. The Initial Franchise Fee is uniform as to all persons currently acquiring a franchise as of the effective date of this Agreement, although this may change. The Initial Franchise Fee shall be paid in a lump sum in U.S.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, details regarding the initial franchise fee can be found in Item 22, specifically under the section titled "FRANCHISEE'S INITIAL FRANCHISE FEE".
The initial franchise fee to become a Burros Fries franchisee is thirty-five thousand dollars ($35,000). This fee grants the franchisee the right to operate a single Burros & Fries Business within a territory that extends up to three miles in any direction from the business location, as defined in Section 6 of the Franchise Agreement. The initial franchise fee also covers a regional webpage on Burros Fries's national website, the complete training program at the corporate headquarters, and access to the operations manuals.
The initial franchise fee is due upon the execution of the Franchise Agreement. The FDD states that the initial franchise fee is uniform for all new franchisees as of the agreement's effective date, but this is subject to change. Once paid, the initial franchise fee is considered fully earned and nonrefundable, acknowledging the administrative and other expenses Burros Fries incurs in granting the franchise and for the lost opportunity to franchise others.