When must the technology fee be paid to Focalpoint Coaching?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
fundable under any circumstances.
You must pay us a technology fee in the amount of $3,000, plus any applicable taxes, (the "Technology Fee") in a lump sum when you sign the Franchise Agreement as the first payment of the annual Technology Fee. You must pay us an additional Technology Fee for each Associate you retain or hire. If you operate a FocalPoint AR Business under an Area Representative Agreement with us, when you sign the Franchise Agreement you also will sign the AR Addendum which will waive your obligation to pay the Technology Fee under the Franchise Agreement until such time as your Area Representative Agreement terminates or expires. The Technology Fee contributes to our costs associated with the creation, maintenance and ongoing development of the intranet site and other technology used for the Franchise System. See Item 6 for additional information. Except as noted above for Area Representatives, the Technology Fee is uniform as to all franchisees currently purchasing a franchise for a FocalPoint Franchised Business and is not r
Source: Item 5 — Initial Fees (FDD pages 12–14)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, franchisees must pay the technology fee when signing the Franchise Agreement. The technology fee is $3,000, plus any applicable taxes, and is paid as a lump sum. This payment represents the first installment of the annual Technology Fee. Franchisees must also pay an additional Technology Fee for each Associate they retain or hire.
The Technology Fee contributes to Focalpoint Coaching's costs associated with the creation, maintenance, and ongoing development of the intranet site and other technology used for the Franchise System. However, if a franchisee operates a Focalpoint Coaching business under an Area Representative Agreement, they will sign an AR Addendum, which waives the obligation to pay the Technology Fee until the Area Representative Agreement terminates or expires.
This initial technology fee is uniform for all new Focalpoint Coaching franchisees and is non-refundable under any circumstances. This means that prospective franchisees should be prepared to pay this fee upfront as part of their initial investment. It is important to note that this fee is in addition to other initial fees, such as the initial franchise fee, initial marketing fee, and initial training fee.