For a Burros Fries franchise, what equipment will be leased rather than purchased?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
Note 1: You must purchase a computer, modems and routers, and a phone system for the operation of your Business as specified in the Operations Manual. The following items will be leased: POS system, tablets, software, copier, scanner, printer. All such items must be purchased through our vendors or suppliers, approved by us, meet our specifications, which may change from time to time, and may not be refundable depending on the terms of the invoice or purchase agreement (Franchise Agreement Sections 12.H, 12.I and 20.I).
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 16–21)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, franchisees are required to lease specific technology items for their business operations. These leased items include the POS (Point of Sale) system, tablets, software, copier, scanner, and printer. The FDD specifies that franchisees must purchase a computer, modems, routers, and a phone system.
Burros Fries requires that all leased items be obtained through vendors or suppliers approved by them and meet their specifications, which are subject to change. The terms of the invoice or purchase agreement will determine whether these items are refundable. This stipulation ensures that franchisees use equipment that meets the brand's standards and is compatible with its systems.
For a prospective Burros Fries franchisee, this means they will need to budget for ongoing lease payments for the specified technology, in addition to the upfront costs of purchasing other required technology. It is important to carefully review the terms of the lease agreements with the approved vendors to understand the full financial implications and any potential refund policies. Franchisees should also be aware that Burros Fries can change the required specifications, potentially necessitating upgrades or changes to the leased equipment during the franchise term.