What is the estimated range for professional fees and license fees for a City Wide franchise?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
oll records for the sole purpose of aggregating data for analyzing and reporting purposes.
- (20) Professional Fees and License Fees: This range of estimated costs includes CPA expenses, legal, incorporation, and other professional expenses that you may incur in connection with any review of your Franchise Agreement or the establishment of your Franchised Business. Other fees considered in this category include the costs associated with obtaining business licenses and permits, training costs, and other "soft" costs incurred by you. Professional fees vary dramatically depending on the individual or firm, the market, and the experience of the professionals. You must pay business license fees and other similar fees before commencing operations of your Franchised Business. Such fees will vary depending upon local or state government requirements.
- (21) Additional Funds: This is the amount of working capital projected as sufficient to cover operating expenses for the first three months.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–24)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the estimated initial investment for professional fees and license fees ranges from $8,000 to $12,000. These fees cover a variety of expenses a new franchisee is likely to incur when setting up their business. These include CPA expenses, legal fees, incorporation costs, and other professional expenses related to reviewing the Franchise Agreement or establishing the franchise.
This category also encompasses the costs associated with obtaining necessary business licenses and permits, training costs, and other 'soft' costs. The FDD notes that professional fees can vary significantly based on the individual or firm providing the services, the market in which the franchisee is operating, and the experience level of the professionals hired. Franchisees are responsible for paying business license fees and other similar fees before they can begin operating their City Wide franchise. These fees will vary depending on local and state government requirements.
Prospective City Wide franchisees should budget accordingly and research the costs of professional services and licenses in their specific area to ensure they have sufficient capital. It is advisable to consult with local professionals to get accurate estimates for these fees, as the range provided in the FDD is an estimate and actual costs may vary. Understanding these potential costs upfront can help franchisees avoid unexpected financial burdens during the initial setup phase of their business.