When is the Renewal Fee due for a Gold Star franchise?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
n-refundable |
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Renewal Fee10 | Set by Gold Star in its discretion – currently $5,000 | Prior to renewal of franchise agreement | Payable to Gold Star Non-refundable |
| Relocation | You will reimburse us for our reasonable out-of-pocket costs concerning the relocation | Promptly after receiving an invoice from Gold S |
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 due prior to the renewal of the franchise agreement. The amount of the renewal fee is set at Gold Star's discretion, but is currently $5,000. This fee is payable to Gold Star and is non-refundable.
As the fee is due prior to renewal, a prospective franchisee should factor this cost into their financial planning when considering whether to renew their franchise agreement. It is important to note that the renewal of the franchise agreement is subject to conditions specified in Section 16 of the Franchise Agreement, as indicated in Note 10.
Franchisees should also be aware that the Renewal Fee amount is subject to change at Gold Star's discretion. Therefore, it is crucial to confirm the current Renewal Fee amount with Gold Star well in advance of the renewal date to avoid any surprises. Understanding the conditions for renewal as detailed in Section 16 of the Franchise Agreement is also essential for a smooth renewal process.