To whom are other payments made for a Christian Brothers Automotive franchise?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type Of Expenditure | Amount (Note 13, 16 and 17) | Method Of Payment (Note 14 And 15) | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| OTHER PAYMENTS | $5,000 to $15,000 (Note 12) | Cash at purchase and/or included in business loan | Prior to applying for commercial financing | CBAC, bank of your choosing, Federal Govt and other 3rd party vendors |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to the 2025 Christian Brothers Automotive FDD, franchisees may make other payments to CBAC, the bank of their choosing, the Federal Government, and other third-party vendors. These other payments are estimated to range from $5,000 to $15,000. These payments are typically made in cash at the time of purchase or included in a business loan.
These payments are due prior to applying for commercial financing. The "other payments" category is a broad one, so prospective franchisees should clarify with Christian Brothers Automotive exactly what these payments cover. Understanding the nature of these payments is crucial for accurate financial planning and securing the necessary funding.
It is important to note that these figures are estimates and are subject to change. Christian Brothers Automotive does not warrant, represent, or guarantee that franchisees will not incur additional expenses when starting their business. Reviewing these figures carefully with a business advisor is essential before making any decision to become a Christian Brothers Automotive franchisee.