On what date does the monthly rent payment become due for a Christian Brothers Automotive franchise?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
Rent is payable in advance and without demand at Lessor's offices located at 17725 Katy Freeway, Houston, Texas 77094, on or before the 1st day of each month commencing on the Commencement Date, without a grace period (subject, however, to the provisions of subsection (e), below).
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, rent payments for a Christian Brothers Automotive franchise are due in advance on the 1st day of each month, commencing on the Commencement Date. The payments are to be made without demand at the Lessor's offices, which are located at 17725 Katy Freeway, Houston, Texas 77094, and without a grace period.
The monthly rent for a Christian Brothers Automotive franchise will be between $22,000 and $36,000 for the first year. The exact amount will be specified by the Lessor in the Lease Term Letter. Each subsequent year, the rent will increase by one and one-half percent of the previous year's rent.
For a prospective Christian Brothers Automotive franchisee, this means budgeting carefully for consistent, on-time rent payments is crucial. Failing to pay rent on time could lead to penalties or even a breach of the lease agreement. The automatic annual rent increase of 1.5% should also be factored into long-term financial projections to ensure the business remains profitable as costs rise.