When are payments for professional fees due for a Cr3 American Exteriors franchise?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure* | Low** | High | Method of payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|---|
| Professional Fees-Legal & Accounting (Note 10) | $500 | $3,500 | As Arranged | Before Beginning Operations | Attorney, Accountant |
Note 10: Professional Fees. This estimate is for costs associated with the engagement of professionals such as attorneys and accountants for advisories consistent with the start-up of a Franchised Business. We recommend that you seek the assistance of professional advisors when evaluating this franchise opportunity, this Disclosure Document, and the Franchise Agreement. It is also advisable to consult these professionals to form a new entity for operation of the Franchised Business and review any other contracts that you will enter into as part of the development and operation of your Franchised Business.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–24)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, payments for professional fees, such as those for legal and accounting services, are due "Before Beginning Operations." The estimated cost for these professional fees ranges from $500 to $3,500.
These fees are paid directly to the attorney or accountant providing the services, and the method of payment is "As Arranged." This indicates that the payment schedule and method can be negotiated between the franchisee and the professional service provider.
Cr3 American Exteriors recommends that prospective franchisees seek professional advice when evaluating the franchise opportunity, the Franchise Disclosure Document, and the Franchise Agreement. They also advise consulting professionals to form a new entity for operating the franchised business and to review any other contracts related to the development and operation of the franchise.