When is the Development Area Fee for a C3 Wellness Spa franchise due?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
| FIRST DEVELOPMENT SPA: The Development Spa Initial Franchise Fee for the First Development Spa is: |
|---|
| $45,000, payable and due upon execution of the applicable Franchise Agreement for the First Development Spa. |
| This initial franchise fee is separate from and in addition to the Development Area Fee. |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
The 2024 C3 Wellness Spa Franchise Disclosure Document outlines the fees associated with opening a franchise. Specifically, it details when the Development Spa Initial Franchise Fee for the First Development Spa is due.
According to the FDD, the Development Spa Initial Franchise Fee for the First Development Spa is $45,000. This fee is "payable and due upon execution of the applicable Franchise Agreement for the First Development Spa." This means that a new C3 Wellness Spa franchisee must pay the $45,000 when they sign the franchise agreement for their first spa location.
The FDD also clarifies that this initial franchise fee is separate from, and in addition to, the Development Area Fee. The Development Spa Initial Franchise Fee for each additional Development Spa (over and above the First Development Spa), is: $0 (Waived), payable at the time of signing the Franchise Agreement for each Development Spa, provided the franchisee is not in default of the terms of the C3 Wellness Multi-Unit Development Agreement.