When is the security deposit due 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 |
|---|---|---|---|---|
| INITIAL FRANCHISE FEE | $135,000 (Note 1) $121,500 with IFA VetFran Program Discount (Note 1) | a) $85,000 b) $50,000 With Discount: a) $85, |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, a security deposit of $5,000 is due prior to opening the franchised business. This deposit is paid as a lump sum to local utility companies. Franchisees must contact the utility companies directly to determine the specific amounts and methods of payment.
This requirement is part of the initial investment needed to start a Christian Brothers Automotive franchise. The security deposit covers utilities, which are essential for the daily operations of the business. Securing these utilities is a necessary step before the franchise can open its doors to customers.
Prospective franchisees should factor this $5,000 security deposit into their initial budget. It is important to contact local utility companies early in the process to understand their specific requirements and payment methods. This will help ensure a smooth and timely opening of the Christian Brothers Automotive franchise.