When is the Technology Royalty Fee due for an Epcon Communities franchise?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
is Avid Ratings, Inc.
Note 7: Technology Royalty: Franchisees may choose to use software to help streamline their construction, sales and marketing efforts and to obtain sales and marketing materials, such as brochures and virtual tours. If you choose to use our recommended software you must pay us a per Unit technology royalty fee of $1,500 for the right to use the software. If you request changes to our architectural plans or optional items that are part of our Development System and we agree to allow you to make these changes, you must pay us $200 per hour for the co
Source: Item 6 — OTHER FEES (FDD pages 16–22)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the Technology Royalty fee is due if a franchisee chooses to use Epcon Communities' recommended software to streamline construction, sales, and marketing. This fee is $1,500 per Unit for the right to use the software. The FDD does not specify the exact due date for the Technology Royalty Fee.
However, the FDD excerpt includes a table that lists various fees, their amounts, due dates, and remarks. This table includes fees such as Homeowner Survey Fees, Securities Offering Review Fee, Late Payment Fee, and others. The due dates for these fees vary, with some being due immediately upon billing from a third-party provider and others being due when payment is overdue.
Since the due date for the Technology Royalty Fee is not explicitly stated, prospective Epcon Communities franchisees should inquire with the franchisor about the specific payment terms and schedule for this fee to fully understand the financial obligations associated with using the recommended software.