What is the amount of the deposit required by Creative World School for a site assessment?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 5 INITIAL FEES
Deposit for Site Assessment
We may require prospective franchisees to pay us a deposit of $5,000 (the "Deposit"). We hold and apply the Deposit in accordance with our Deposit Agreement for Site Assessment (the "Site Assessment Deposit Agreement"). A copy of it is attached as Exhibit "B." You must pay the Deposit when you sign the Site Assessment Deposit Agreement. We will only refund a portion of the Deposit to you if you and we both do not sign a Franchise Agreement within 180 days of signing the Site Assessment Deposit Agreement. Solely in that event, we will refund the Deposit to you less the greater of: (i) $2,500; or (ii) our out-of-pocket expenses for time and effort expended in reliance upon your application. Otherwise, it is not refundable, but we apply it in full towards the Initial Franchise Fee, as applicable. The Deposit is uniformly
Source: Item 5 — INITIAL FEES (FDD pages 14–15)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, Creative World School may require a deposit of $5,000 for a site assessment. This deposit is held and applied according to the terms of the Site Assessment Deposit Agreement, a copy of which is included as an exhibit in the FDD.
The $5,000 deposit is paid when the franchisee signs the Site Assessment Deposit Agreement. This deposit is generally non-refundable. However, a portion of the deposit may be refunded if both Creative World School and the prospective franchisee do not sign a Franchise Agreement within 180 days of signing the Site Assessment Deposit Agreement.
In the event that a Franchise Agreement is not signed within the 180-day timeframe, Creative World School will refund the deposit, less the greater of $2,500 or the franchisor's out-of-pocket expenses incurred in reliance upon the application. If a Franchise Agreement is signed, the full deposit is applied towards the Initial Franchise Fee.