What is the required method of payment for the computer system for a Bw Premier Collection franchise?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be made |
|---|---|---|---|---|
| Commission of Impact Study if Required | ||||
| Renovation Work (4) | $0 - $2,677,500 | As Agreed | As Agreed | Contractors |
| Furniture, Fixtures and | $0 - $3,415,500 | As Agreed | As Agreed | Suppliers |
| Equipment (5) | ||||
| Inventory and Operating | $72,450 - $90,300 | As Agreed | As Agreed | Suppliers |
| Equipment (6) | ||||
| Signage (7) | $315 - $525 | As Agreed | As Agreed | Suppliers |
| Distribution System | $1,150 - $8,000 | Lump Sum | As Required | Us |
| Photographs Fee (8) | ||||
| Computer System (9) | $0 - $13,100 | Cash, Check or Wire Transfer | As Required | Suppliers/Us |
Source: Item 7 — Estimated Initial Investment (FDD pages 26–30)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the acceptable methods of payment for the computer system, which ranges from $0 to $13,100, are cash, check, or wire transfer. Payment is due as required and can be made to either the suppliers or to Bw Premier Collection.
For a prospective Bw Premier Collection franchisee, this means flexibility in how they can pay for the computer system. The availability of multiple payment options like cash, check, or wire transfer can help manage cash flow and simplify the payment process. The fact that the payment can be made to either suppliers or Bw Premier Collection provides additional flexibility.
It's important to note that the cost of the computer system can vary significantly, ranging from $0 to $13,100. Item 11 of the FDD provides a more detailed breakdown of the computer system and its associated costs. Therefore, franchisees should carefully review Item 11 to understand the specific components included in the computer system and plan their budget accordingly.