What training programs must a Burros Fries transferee complete, and at what cost?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
he transaction), in addition to the flat $10,000 fee described above, plus the amount of any broker fees that we are responsible for paying to third parties (does not include our employees);
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- Transferee must pay for and
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to the 2024 Burros Fries Franchise Disclosure Document, a transferee must pay for and successfully complete the training programs that Burros Fries requires of new franchisees at the time of the transfer. The cost for this training is $300 per person per half day, plus any expenses incurred, and this amount is subject to change over time.
This means that if you are looking to buy an existing Burros Fries franchise, you will need to budget for the cost of training yourself and potentially any managers or employees who will be involved in the business. The exact content of the training programs is not specified in this excerpt, but it is designed to bring the transferee up to the standards expected of a new Burros Fries franchisee.
It is important to note that the $300 per person per half-day fee does not include any additional expenses that may be incurred, such as travel or accommodation. As a prospective transferee, you should clarify with Burros Fries exactly what the training program involves, how long it typically lasts, and what additional expenses you can expect to pay. This will help you accurately estimate the total cost of taking over the franchise.