Is the $15,000 franchise fee for Chocolate Bash refundable?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
isor are deferred until Franchisor has delivered all pre-opening obligations and Franchisee is open for business.
4.2 Training Fee. Upon signing this Agreement, Franchisee shall pay a training fee of $15,000 to CB Franchising. This fee is not refundable.
By order of the California Department of Business Oversight, all initial fees payable to the Fra
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the training fee of $15,000 is not refundable. This fee is due upon signing the Franchise Agreement. However, for California franchisees, the payment of this initial fee is deferred until Chocolate Bash has completed all pre-opening obligations and the franchisee is open for business.
This deferral for California franchisees is by order of the California Department of Business Oversight. This means that franchisees in California will not have to pay the $15,000 training fee upfront but only once Chocolate Bash has fulfilled their pre-opening responsibilities and the Chocolate Bash location is operational.
It's important to note that while the initial training fee is not refundable, the deferral provides some financial relief to new franchisees in California, allowing them to allocate funds to other startup costs until the business is ready to open. Prospective franchisees should carefully consider these payment terms and factor them into their financial planning.