Does Cornwell Quality Tools charge lease payments to franchisees?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty | None | N/A | N/A |
| Advertising | None | N/A | Cornwell provides promotional material to franchisees at no cost |
| Cooperative Advertising | None | N/A | N/A |
| Additional Training | None | N/A | Cornwell provides opening training free - see Item 11 |
| Additional Assistance | None | N/A | Cornwell provides opening assistance free - see Item 11 |
| Transfer | None | N/A | N/A |
| Lease Payments | None | N/A | As a Cornwell franchisee’s vehicle is the place of business, fees for the leasing of space are not incurred |
| Computer Software Fees | $275 initial fee; $50 monthly fee | Start and monthly | Ironman Business Network, $100 to Cornwell for start-up costs and $175 for credit card servicing vendor software |
Source: Item 6 — OTHER FEES (FDD pages 22–23)
What This Means (2025 FDD)
According to Cornwell Quality Tools's 2025 Franchise Disclosure Document, franchisees are not required to pay lease payments. Item 6 details various fees, and the amount listed for lease payments is "None." The FDD specifies that because a franchisee's vehicle serves as their place of business, they do not incur fees for leasing space.
This is a notable benefit for prospective Cornwell Quality Tools franchisees, as it eliminates a significant overhead cost typically associated with running a business. Many franchises require franchisees to lease a physical location, which involves monthly lease payments that can impact profitability. By operating out of a vehicle, Cornwell Quality Tools franchisees avoid this expense, potentially leading to higher profit margins.
Furthermore, the FDD states that Cornwell Quality Tools does not require franchisees to pay other recurring or isolated fees or payments, including but not limited to royalties, service fees, training fees, lease payments, or advertising fees or charges. These fees will not be increased by more than 10% during the term of the Franchise Disclosure Document. This provides additional financial predictability and security for franchisees, as it limits the potential for unexpected cost increases during the franchise term.