When is the renewal fee for a Burros Fries franchise payable?

Question

Accepted Answer

| Audit Expenses | Cost of Audit Fees plus interest at 18% per annum (1.5% per month) up to the maximum interest rate allowed by law. | Ten days after receipt of audit report. | Payable to us only if you understate Gross Revenues by 2% or more. We expect the cost to be between $3,500- $6,500 unless your financial records are not well kept. |
|---|---|---|---|
| Costs and Attorney’s Fees | Will vary under circumstances. | As Incurred. | Payable as incurred by us in obtaining injunctive relief or the enforcement of any item of the Franchise Agreement. |
| Indemnification | Will vary under circumstances. | On Demand. | As Incurred; See Note 4. |
| POS Support | Currently $130-$140 per month for 1 cash register, software and ongoing support. | Monthly. | Payable to our approved vendors. See Note 5 |
| Laundry Service Fees | Currently $1,000-$1,500 per month for professional laundry services | Monthly. | Payable to our approved vendors. See Note 6 |
| Inspection Fee | $1,000 if you fail to pass an inspection for the second time. | On Demand. | Payable to us See Note 7 and Item 8. |
| Renewal Fee | $5,000 | At the time of every renewal for each franchise. | Payable to us for the same protected area. |

Source: Item 6 — OTHER FEES (FDD pages 12–16)

When is the renewal fee for a Burros Fries franchise payable?

Answer from 2024 FDD Document

What This Means (2024 FDD)

Audit Expenses	Cost of Audit Fees plus interest at 18% per annum (1.5% per month) up to the maximum interest rate allowed by law.	Ten days after receipt of audit report.	Payable to us only if you understate Gross Revenues by 2% or more. We expect the cost to be between $3,500- $6,500 unless your financial records are not well kept.
Costs and Attorney’s Fees	Will vary under circumstances.	As Incurred.	Payable as incurred by us in obtaining injunctive relief or the enforcement of any item of the Franchise Agreement.
Indemnification	Will vary under circumstances.	On Demand.	As Incurred; See Note 4.
POS Support	Currently $130-$140 per month for 1 cash register, software and ongoing support.	Monthly.	Payable to our approved vendors. See Note 5
Laundry Service Fees	Currently $1,000-$1,500 per month for professional laundry services	Monthly.	Payable to our approved vendors. See Note 6
Inspection Fee	$1,000 if you fail to pass an inspection for the second time.	On Demand.	Payable to us See Note 7 and Item 8.
Renewal Fee	$5,000	At the time of every renewal for each franchise.	Payable to us for the same protected area.