To whom are payments for technology, including computers, made when opening a Burros Fries franchise?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount Low/High | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 | Cash or Acceptable Funds | At signing of the Franchise Agreement. | Franchisor See Item 5 |
| Technology including Computers | $5,000 | $10,000 | Cash or Acceptable Funds (for computers, , modem, routers, sound system, camera surveillance system and telephones.) | Before opening | Payable to our approved vendors See Note 1 |
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, the initial investment for technology, including computers, ranges from $5,000 to $10,000. These payments are made before opening the franchise.
The payments are to be made to Burros Fries's approved vendors. This investment covers computers, modems, routers, a sound system, a camera surveillance system, and telephones.
Prospective franchisees should note that these technology items must be purchased through Burros Fries's approved vendors or suppliers and must meet the franchisor's specifications, which may change over time. The FDD also states that the POS system, tablets, software, copier, scanner, and printer will be leased. The payments may not be refundable depending on the terms of the invoice or purchase agreement.