What is the estimated total initial investment for a Multi-Unit Development Agreement with Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
PMENT AGREEMENT
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| First franchise (see table above) | $100,158 - $193,900 | Varies | Varies | Varies |
| Additional initial franchise fees for 1-4 Additional Units (see Note 4) | $25,000 - $85,000 | Check or wire transfer | Upon signing the MUDA | Us |
| Business planning and miscellaneous expenses | $1,000 - $5,000 | Check | As incurred | Vendors and suppliers |
| Total | $126,158 - $283,900 | This is the total estimated initial investment to enter into a Multi-Unit Development Agreement for the right to own a total of 2 o |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 12–15)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the estimated total initial investment for a Multi-Unit Development Agreement ranges from $126,158 to $283,900. This investment covers the right to own a total of 2 to 5 locations.
The initial investment includes the first franchise, which ranges from $100,158 to $193,900, and additional initial franchise fees for 1-4 additional units, costing between $25,000 and $85,000. There are also business planning and miscellaneous expenses estimated between $1,000 and $5,000.
Note 4 of Item 7 specifies that these estimates assume you sign a Multi-Unit Development Agreement for two to five franchises. The franchise fee for the first unit is detailed in the "Estimated Initial Investment Franchise Agreement" table. For the third and each subsequent franchise, the initial franchise fees are reduced to $20,000. All franchise fees are payable upon signing the Multi-Unit Development Agreement.