When are utility payments due for a Chocolate Bash franchise?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
ISE AGREEMENT
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|
| Franchise fee (see Note 1) | $45,000 - | $45,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent and Lease Security | $2,500 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, utility payments, which range from $100 to $500, are due upon ordering service. Payments can be made via check, debit, or credit card to the utility providers.
This means that as a prospective Chocolate Bash franchisee, you will need to budget for these initial utility setup costs. Unlike some other initial investments, such as the franchise fee, which is paid upon signing the franchise agreement, utility costs are incurred when you arrange for the service to begin. This could be before the store is open for business during the build-out phase.
It is important to note that the FDD provides an estimated range for these costs, and the actual amount may vary depending on the location and the specific utility providers in your area. Therefore, it is advisable to contact local utility companies to get accurate quotes for your specific location to refine your initial investment budget. Also, keep in mind that the utility deposits will usually be refundable unless you owe money to the utility provider.