How much of the Satellite Location Fee for Learningrx can be applied towards a future franchise agreement?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
ccording to this Addendum, will expire at midnight on the three hundred, sixty-fifth (365th) day after the Execution Date ("Initial Term").
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- Satellite Location Fee. Upon the signing of this Addendum, Franchisee must pay a Satellite Location fee of Five thousand and 00/100 Dollars ($5,000.00) ("Satellite Location Fee"), if the Satellite Location is outside of the Territory. The Satellite Location Fee is fully earned upon signing this Addendum and is non-refundable under any circumstances. Upon making one annual payment of Five thousand and 00/100 Dollars ($5,000.00) or twelve (12) monthly payments of Four hundred fifty and 00/100 Dollars ($450.00) for a Satellite Location outside of the Territory,
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, a portion of the Satellite Location Fee can be applied towards a future franchise agreement under specific conditions. If the Satellite Location is outside of the Territory, the franchisee must pay a $5,000 Satellite Location Fee. Of this fee, $2,500 may be applied towards a future franchise agreement for the franchisee within their Territory.
This application of $2,500 towards a future franchise agreement is not guaranteed annually; it requires written approval from Learningrx. This implies that the franchisee must seek and obtain permission each year to have this credit remain valid for a future agreement.
For a Satellite Location within the Territory, the fee is a reduced amount of $2,400, and is only due if the franchisee wants the Satellite Location listed on the Learningrx website. The document does not state whether any portion of the $2,400 can be applied towards a future franchise agreement.