factual

When is the initial franchise fee due for a City Wide franchise?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

TIMATED INITIAL INVESTMENT**

YOUR ESTIMATED INITIAL INVESTMENT FRANCHISE AGREEMENT

Type of Expenditure1 Amount payment When Due is to be Made
Initial Franchise Fee2 $70,000 Lump Sum At Signing of Franchise Agreement CITY WIDE
Initial Training Fee $7,500 Lump Sum At Signing of Franchise Agreement CITY WIDE
Initial Territory Fee3 $15,000 to $50,000 Lump Sum At Signing of Franchise Agreement CITY WIDE
Technology Provisioning $12,500 Lump Sum At Signing of CITY WIDE
Fee4 Franchise Agreement
Travel and Living Expenses While Training5 $4,000 to $10,000 As Incurred During Training/ Before Opening Airlines, hotels, Restaurants, Car Rental Companies, and other vendors
Real Estate

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 initial franchise fee of $70,000 is due as a lump sum payment at the signing of the Franchise Agreement. This fee is paid directly to City Wide. Upon execution of the Franchise Agreement, the initial franchise fee is deemed fully earned and non-refundable, except as provided in ITEM 5 of the FDD.

In addition to the initial franchise fee, City Wide franchisees must also pay an initial training fee of $7,500 and an initial territory fee ranging from $15,000 to $50,000. These fees are also due as lump sums at the signing of the Franchise Agreement and are paid to City Wide. A technology provisioning fee of $12,500 is also due at the signing of the franchise agreement.

Prospective franchisees should be aware that these initial fees contribute to the overall initial investment, which ranges from $226,784 to $393,084. Understanding the payment schedule and non-refundable nature of these fees is crucial for financial planning. Item 5 of the FDD should be reviewed to understand the conditions under which the initial franchise fee may be refundable.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.