How is the $23,500 initial license fee for a Chem Dry franchise payable?

According to Chem Dry's 2024 Franchise Disclosure Document, the initial license fee of $23,500 is payable in part as a lump sum when you sign the Franchise Agreement, with the remainder paid through monthly note installments. This indicates that Chem Dry offers a financing option for the initial license fee, allowing franchisees to spread the cost over time rather than paying the full amount upfront.

Specifically, the FDD mentions that the initial fee can be paid in a single lump sum or financed up to 40% of the initial license fee portion. When signing the Franchise Agreement and Business Note, a down payment ranging from $3,600 to $14,100 is required. If the franchisee pays the initial license fee in full within six months of signing the Franchise Agreement and the Business Note, Chem Dry offers a cash discount of 10% of the initial license fee amount.

This payment structure provides flexibility for prospective Chem Dry franchisees. They can choose to pay the full amount upfront, potentially benefiting from a cash discount, or opt for financing to reduce the initial financial burden. The down payment requirement ensures that franchisees have some initial capital invested in the business. It is important to note that the initial fee is non-refundable, regardless of the payment method chosen.