When is the balance of the initial fee due for a Hawthorn Suites By Wyndham franchise?
Hawthorn_Suites_By_Wyndham Franchise · 2025 FDDAnswer from 2025 FDD Document
| Application, | ||||
|---|---|---|---|---|
| Initial Fee (inclusive | balance due at | |||
| $40,000 | $40,000 | Lump Sum | Us | |
| of Application Fee) 1 | signing of |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 44–51)
What This Means (2025 FDD)
According to the 2025 Hawthorn Suites By Wyndham Franchise Disclosure Document, the balance of the initial fee, which totals between $40,000, is due upon signing the Franchise Agreement. This fee is inclusive of the application fee.
For a prospective Hawthorn Suites By Wyndham franchisee, this means that after the application fee is paid, the remaining balance of the initial franchise fee must be paid when the franchise agreement is signed. This is a standard practice in franchising, as it secures the franchisee's rights and obligations under the agreement.
It's important to note that this fee, like other fees payable to Hawthorn Suites By Wyndham, is generally non-refundable. Therefore, a prospective franchisee should carefully consider all aspects of the franchise agreement and conduct thorough due diligence before signing and paying the balance of the initial fee.