When is the insurance payment due for a Mr. Sandless franchise?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount | Method of Payment | When due | To Whom Payment Is To Be Made | |
|---|---|---|---|---|---|
| Insurance 9 | $1,250 | $1,250 | Lump Sum | Before opening | Insurance Agent |
- Note 9 Insurance.
The figure in the chart represents the estimated down payment on your general liability and workers' compensation insurance policies, plus three months of premiums.
Our insurance requirements are described in Item 8 below.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the insurance payment, estimated between $1,250 and $1,250, is due before opening the franchise. This payment is considered a lump sum and is to be paid to the insurance agent.
This initial insurance payment covers the down payment on general liability and workers' compensation insurance policies, along with three months of premiums. Item 8 of the FDD provides further details regarding Mr. Sandless's insurance requirements.
Prospective franchisees should factor this upfront cost into their initial investment calculations. It is important to secure the necessary insurance coverage before commencing operations to protect the business and comply with legal requirements.