What is the current amount of the Gold Star franchise renewal fee?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Renewal Fee10 | Set by Gold Star in its discretion – currently |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the renewal fee is set at Gold Star's discretion, but is currently $5,000. This fee is payable to Gold Star prior to the renewal of the franchise agreement.
As the renewal fee is subject to change at Gold Star's discretion, prospective franchisees should confirm the most up-to-date amount and payment terms during their due diligence. Understanding the renewal fee is crucial for long-term financial planning, as it represents a significant cost that franchisees must account for when deciding whether to continue operating their Gold Star franchise beyond the initial term.
The renewal fee is non-refundable, meaning that if the renewal is not ultimately completed, the franchisee will not receive this money back. Franchisees should carefully consider the conditions specified in Section 16 of the Franchise Agreement, as referenced in Note 10, to fully understand the requirements for renewal.