To whom is the payment for professional services made 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 | |
|---|---|---|---|---|---|
| Professional Services 7 | $350 | $2,500 | As arranged | As incurred | Attorney; Accountant |
- Note 7 Professional Services.
We strongly recommend that you have this franchise disclosure document and the Franchise Agreement reviewed by a qualified franchise attorney and/or have an accountant review your business plan.
Our estimate is based on the hourly rate in the Philadelphia, Pennsylvania area.
Professional rates vary greatly and we recommend that you check the local rates in your area.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless Franchise Disclosure Document, payments for professional services are made to an attorney or an accountant. The estimated cost for these services ranges from $350 to $2,500. These fees are paid as they are incurred. Mr. Sandless strongly recommends that prospective franchisees have the FDD and Franchise Agreement reviewed by a qualified franchise attorney and/or have an accountant review their business plan.
The FDD notes that the estimate for professional services is based on hourly rates in the Philadelphia, Pennsylvania area. Mr. Sandless advises that professional rates can vary greatly, and prospective franchisees should check local rates in their own area to get a more accurate estimate of these costs.
Given the importance of understanding the legal and financial aspects of a franchise agreement, it is crucial for potential Mr. Sandless franchisees to engage qualified professionals. By consulting with an attorney and an accountant, franchisees can make informed decisions and protect their interests throughout the franchising process.