Where can I find information about the franchisee's initial franchise fee for a Burros Fries franchise?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD 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. funds and shall be deemed fully earned and no
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, details regarding the franchisee's initial franchise fee can be found within the franchise agreement. The agreement specifies that the initial franchise fee for a Burros & Fries Business is $35,000. This fee grants the franchisee a license to operate a single Burros & Fries Business within a territory of up to three miles in any direction from the business location.
The initial franchise fee covers several benefits, including a regional web page on the national website, a complete training program at the corporate headquarters, and access to the operations manuals. Burros Fries may also allocate some of this fee towards pre-opening or grand opening assistance for the franchisee.
The $35,000 initial franchise fee is due upon the execution of the Franchise Agreement and is considered fully earned and nonrefundable. This nonrefundable nature accounts for the administrative and other expenses Burros Fries incurs in granting the franchise, as well as the lost opportunity to franchise others. While the initial franchise fee is currently uniform for all new franchisees, Burros Fries retains the right to change this fee in the future.