When is the opening inventory and supplies payment due for a Creative World School?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 7 ESTIMATED INITIAL INVESTMENT
Your Estimated Initial Investment
| Type of Expenditure (1) | Low Amount | High Amount | Method Of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|---|
| Initial Franchise Fee (1)(2) | $75,000 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 18–21)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, payment for opening inventory and supplies, which ranges from $15,000 to $20,000, is due within 60 days of opening the school. This payment is made as a lump sum to the suppliers.
This means that as a prospective Creative World School franchisee, you should plan to have these funds available shortly before your school's opening. The exact amount will depend on the size of your school and the quantity of supplies needed to meet Creative World School's standards. It is important to factor this expense into your pre-opening budget and ensure you have adequate capital to cover it.
It's also worth noting that these supplies are essential for the school's operation and must comply with Creative World School's specifications. Therefore, franchisees should work closely with approved suppliers to ensure they procure the correct inventory within the stipulated timeframe. Proper planning and timely payment will help ensure a smooth opening and adherence to franchise requirements.