When is the Floors To Go renewal fee charged?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
the FTG System. You agree to authorize merchandise vendors and manufacturers to inform us of the amount of goods you purchased
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, a renewal fee of $750 is charged upon the renewal of the franchise agreement. This fee is paid when a franchisee chooses to extend their franchise agreement beyond its original term, as per Section 2.1 of the agreement.
For a prospective Floors To Go franchisee, this means that if they decide to continue operating their franchise after the initial term, they will need to pay this renewal fee. It is important to factor this cost into long-term financial planning and consider it when evaluating the profitability of the franchise over an extended period.
Renewal fees are a common practice in franchising, intended to cover the franchisor's administrative costs associated with processing the renewal and ensuring the franchisee's continued compliance with the system standards. The $750 renewal fee for Floors To Go appears to be a relatively modest amount compared to the initial franchise fee and other ongoing expenses, but it is still a cost that franchisees should be aware of and prepared for.