To whom do I make the payment for the Cinch I.T. marketing starter package?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| TYPE OF EXPENDITURE1 | LOW ESTIMATED AMOUNT | HIGH ESTIMATED AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|---|
| Initial Franchise Fee | $15,000 | $15,000 | Lump sum | At signing of Franchise Agreement | Us |
| Initial Training Fee2 | $30,000 | $30,000 | Lump sum | At signing of Franchise Agreement | Us |
| Travel & Living Expenses while Training2 | $1,250 | $1,800 | As incurred | During training | Airlines, hotels, restaurants and car rental |
| Marketing Starter Package | $4,000 | $4,000 | Lump sum | At signing of Franchise Agreement | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–22)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the payment for the marketing starter package, which ranges from $4,000 to $4,000, is made to Cinch I.T. This payment is due at the signing of the Franchise Agreement and is a lump sum payment.
This means that as a prospective Cinch I.T. franchisee, you are required to pay $4,000 directly to Cinch I.T. when you sign the franchise agreement for the marketing starter package. This package is intended to help you begin marketing your franchise.
It is important to note that all payments to Cinch I.T. are non-refundable, so you should be certain of your decision before signing the Franchise Agreement and making this payment. Understanding the details of the marketing starter package and what it includes is crucial before committing to this expense.