When is the payment for professional services 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 | |
|---|---|---|---|---|---|
| Service Vehicle 3 | $0 | $25,000 | As negotiated | Upon purchase or lease | Supplier |
| Equipment, Tools | $10,000 | $10,000 | As arranged | As arranged | Us |
| and Inventory | |||||
| (Franchise | |||||
| Starter Kit) 4 | |||||
| Office | $0 | $1,500 | As negotiated | Before opening | Supplier |
| equipment, | |||||
| furnishings, and | |||||
| office supplies 5 | |||||
| Computer | $0 | $1,600 | As arranged | Before opening | Supplier |
| Hardware and | |||||
| Software 6 | |||||
| Professional Services 7 | $350 | $2,500 | As arrange |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, professional services, which range from $350 to $2,500, are due as incurred. These professional services typically cover the costs for an attorney to review the FDD and Franchise Agreement, or for an accountant to review the franchisee's business plan. Payment is arranged between the franchisee and the professional service provider.
Since these services are paid "as incurred", a prospective Mr. Sandless franchisee should budget for these expenses as they utilize the services of attorneys and accountants during their due diligence process. This means that the franchisee will likely pay these professionals at the time the services are rendered, rather than in a lump sum upfront or at a later date.
Mr. Sandless recommends that prospective franchisees seek professional advice to fully understand the legal and financial implications of investing in the franchise. The FDD notes that the estimated costs for professional services are based on hourly rates in the Philadelphia, Pennsylvania area, and that actual rates may vary depending on the franchisee's location. Therefore, it is crucial for potential franchisees to check local rates to accurately estimate these expenses.