What does the estimated amount for professional fees for Floors To Go reflect?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
- (8) This amount reflects the use of an attorney, accountant, and other consultants both in the purchase of a membership and in the operation of your FTG Showroom for up to three months.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 14–17)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the estimated professional fees, ranging from $500 to $1,500, account for the costs associated with engaging professionals such as attorneys, accountants, and other consultants. These services are anticipated to be utilized both during the purchase of the Floors To Go membership and in the initial three months of operating the Floors To Go Showroom.
For a prospective Floors To Go franchisee, this means setting aside funds for expert advice during the franchise acquisition process and the crucial early stages of business operation. Engaging these professionals can help ensure compliance with legal and financial requirements, as well as provide guidance in setting up and managing the showroom effectively.
The FDD specifies that these fees are incurred 'as needed' and paid to 'Third Parties,' indicating that franchisees have the flexibility to choose their own professional advisors. However, it's important to note that the estimate covers professional fees for up to three months, and franchisees may need to budget for ongoing professional services beyond this initial period. Prudent franchisees will factor in these potential costs when assessing the overall financial viability of the Floors To Go franchise opportunity.