factual

Are the expenditures paid to Face Foundrie or its affiliates refundable?

Face_Foundrie Franchise · 2025 FDD

Answer from 2025 FDD Document

Type of Expenditure Amount Method of Payment When Due To Whom Payment is to be Paid
Low
Background Check Fee(1) $200 $600 Lump Sum Upon applying to be a franchisee, after the 14- day waiting period Us or our background check provider
Initial Franchise Fee $50,000 $50,000 Lump Sum Upon Signing Franchise Agreement Us
Accounting $500 $500 As As Us
System Set-Up Fee Arranged Arranged
Rent and Security $9,100 $32,000 As As Landlord
Deposit(2) Arranged Arranged
Leasehold $45,000 $233,000 As Before Landlord,
Improvements(3) Arranged Opening Contractors
Furniture, Fixtures $57,100 $86,000 As Before Approved
and Equipment(4) Arranged Opening Suppliers
Initial Opening Package(5) $48,000 $59,100 As Arranged Before Opening Us and Approved Suppliers
Initial Technology $9,000 $11,500 As Before Approved
Expenses(6) Incurred Opening Suppliers
Signage(7) $9,000 $15,000 As Incurred Before Opening Approved Suppliers
Initial Training $16,500 $26,900 As Before Third
Expenses(8) Incurred Opening Parties
Grand Opening $25,000 $60,000 As As Incurred Third
Advertising(9) Incurred Parties
Licenses and $1,800 $4,600 Before Before Government
Permits Opening Opening Agencies
Type of Expenditure Amount Low Method of Payment When Due To Whom Payment is to be Paid
Professional Fees $6,500 $29,500 As Incurred As Incurred Third Party Architects, Lawyers, Accountants
Insurance(10) $1,000 $3,350 As Agreed As Incurred Insurance Companies
Supplies $500 $1,300 As Incurred As Incurred Third Parties
Miscellaneous $1,500 $4,000 As Incurred As Incurred Third Parties
Extension Fee $0 $2,500 As Incurred Only due if requesting an extension to your required opening date Us
Additional Funds $71,200 $79,000 As Agreed As Incurred Various
– For Initial 3
Months of
Operation(11)
TOTAL $351,900 $698,850
ESTIMATED
INITIAL
INVESTMENT #### Notes:

We do not offer direct or indirect financing for these items. Our estimates are based on our experience, the experience of our affiliates, expenditures that our franchisees have reported to us, and our current requirements for Facial Bars. All expenditures paid to us or our affiliates are uniform and non-refundable under any circumstances once paid. All expenses payable to third parties are non-refundable, except as you may arrange for utility deposits and other payments.

  1. Background Check. After you apply to become a franchisee or area developer and after the expiration of the 14-day waiting period following your receipt of this disclosure document, you will be required to submit to a background check which includes a criminal/civil record search and a credit check. You will be required to pay a non-refundable background check fee that ranges from $200 to $300 per owner to us or directly to our designated background check provider. We will not countersign a Franchise Agreement until we

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)

What This Means (2025 FDD)

According to Face Foundrie's 2025 Franchise Disclosure Document, expenditures paid to Face Foundrie or its affiliates are generally non-refundable. Specifically, the FDD states that "All expenditures paid to us or our affiliates are uniform and non-refundable under any circumstances once paid." This means that once a franchisee pays any fees or costs to Face Foundrie or its affiliates, those payments are not refundable, regardless of the circumstances.

This non-refundable policy has significant implications for prospective Face Foundrie franchisees. It means that franchisees need to be certain about their decision to invest in a Face Foundrie franchise before making any payments to the company or its affiliates. This includes the initial franchise fee, system set-up fees, payments for the initial opening package, and other expenses. Franchisees should carefully review the Franchise Agreement and seek professional advice before making any payments to Face Foundrie.

However, the FDD also notes that expenses payable to third parties may be refundable, depending on the arrangements made. For example, utility deposits may be refundable according to the agreements with the utility companies. The background check fee, ranging from $200 to $300, is specifically noted as non-refundable, whether paid to Face Foundrie or directly to their designated background check provider. Franchisees should clarify the refund policies of third-party vendors before making any payments to them.

In summary, while most payments to Face Foundrie and its affiliates are non-refundable, franchisees may have opportunities to receive refunds from third-party vendors depending on the specific agreements in place. It is crucial for prospective franchisees to understand these policies and to conduct thorough due diligence before investing in a Face Foundrie franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.