What is the range for the initial franchise fee for a Care Plus Medical Ucc franchise?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
CHISE AGREEMENT
| Type of expenditure | Amount | ; | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $60,000 - | $60,000 | Check or wire transfer | Upon signing the franchise |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–18)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, the initial franchise fee ranges from $60,000 to $60,000. This fee is payable via check or wire transfer upon signing the franchise agreement and is paid to Care Plus Medical Ucc.
For a prospective franchisee, this means they must have $60,000 available at the time of signing the agreement to secure the rights to operate a Care Plus Medical Ucc franchise. This fee is a one-time payment and is part of the total initial investment required to start the business.
It is important to note that if a franchisee signs a Multi-Unit Development Agreement (MUDA) for three to five franchises, the initial franchise fees are reduced to $40,000 for the second and each additional franchise. However, all franchise fees under the MUDA are payable upon signing the agreement. This could be a significant consideration for those looking to expand quickly with multiple locations.