When is the Floors To Go renewal fee due?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
eing charged to new members.
ITEM 6. OTHER FEES
| Type of Fee | Amount | Due Date | Remarks(1) |
|---|---|---|---|
| Service Fee | $400 | 10th Day of Eac |
Source: Item 6 — OTHER FEES (FDD pages 12–14)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the renewal fee is due at the time of renewal. The renewal fee is $750 and is non-refundable.
Franchise agreements typically have a renewal option, allowing franchisees to extend their business operation under the franchise brand for another term, usually with certain conditions. The renewal fee covers Floors To Go's administrative costs associated with processing the renewal and updating the franchise agreement.
It is important for a prospective Floors To Go franchisee to understand the terms and conditions for renewal, including any requirements for remodeling, updating equipment, or meeting performance standards. Franchisees should also inquire about any changes to the franchise agreement or fees upon renewal to make an informed decision about extending their franchise agreement.