What is the deadline for providing written proof of advertising and its cost to CJR to receive reimbursement for grand opening advertising expenditures for a Carls franchise?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
other prepaid expenses. This range also includes $12,000 to $14,000 for the initial inventory of food and paper for a Carl's Jr. Restaurant. These costs do not include utility deposits, installation of telephones, business licenses or cleaning supplies, which are not substantial.
- As described in Item 11, CJR will reimburse you up to $5,000 for grand opening advertising expenditures that you make during the period from 30 days before the Franchised Restaurant opens until 90 days after opening. Those
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 31–36)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, CJR may reimburse franchisees up to $5,000 for grand opening advertising expenditures. This reimbursement applies to advertising done between 30 days before the restaurant opens and 90 days after opening.
To receive this reimbursement from Carls, a franchisee must provide CJR with written proof of the advertising and its cost. This documentation must be submitted no later than 120 days after the Carls restaurant opens.
It's important to note that these advertising expenditures must be pre-approved by CJR and comply with the local advertising requirements outlined in the Franchise Agreement. This means franchisees need to carefully plan their grand opening advertising strategy and get it approved in advance to ensure they meet the criteria for reimbursement.