Under what condition is the extension fee due for a Face Foundrie franchise, and what is the amount?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 7. ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | |||||
| Background Check Fee(1) | $200 | $600 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, an extension fee of $2,500 is required only if a franchisee requests an extension to their required opening date. This fee is paid to Face Foundrie as incurred.
This means that if a Face Foundrie franchisee is unable to open their Facial Bar by the date initially agreed upon, they can request an extension from Face Foundrie. However, this extension comes at a cost of $2,500. This fee is in addition to the other initial investment costs, which range from $351,900 to $698,850.
Prospective franchisees should factor this potential expense into their budget and timeline. It's important to understand the reasons why an extension might be needed and to proactively manage the opening process to avoid incurring this additional cost. Franchisees should discuss with Face Foundrie what circumstances might warrant an extension and whether there are any alternatives to paying the fee.