factual

What royalty fee does a Cornwell Quality Tools franchisee pay?

Cornwell_Quality_Tools Franchise · 2025 FDD

Answer from 2025 FDD Document

Name of Fee Amount Due Date Remarks
Royalty None N/A N/A

Source: Item 6 — OTHER FEES (FDD pages 22–23)

What This Means (2025 FDD)

According to the 2025 Cornwell Quality Tools Franchise Disclosure Document, franchisees are not required to pay a royalty fee. Item 6 details various fees, explicitly stating that the royalty fee is "None" and is not applicable. This is further reinforced by the statement that Cornwell Quality Tools does not require franchisees to pay any recurring fees, including royalties.

This is a notable benefit for prospective franchisees as it reduces the ongoing operational costs typically associated with franchise systems. Many franchise businesses require franchisees to pay a percentage of their gross sales as a royalty fee, which can impact profitability. The absence of this fee with Cornwell Quality Tools allows franchisees to retain a larger portion of their earnings.

While there are no royalty fees, franchisees should be aware of other fees such as the computer software fees, which include an initial fee of $275 and a monthly fee of $50. These fees are associated with the Ironman Business Network and cover start-up costs and credit card servicing vendor software. It is important for prospective franchisees to factor these costs into their financial projections.

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.