What is the amount and payment schedule for the IT Security Fee for a Petro Stopping Center franchise?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
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9.8 Computer System Installation Fee. You must pay us a Fifty Thousand Dollar ($50,000) Computer System Installation Fee in connection with the assistance we provide you with installing and setting up certain aspects of your Computer System. The Computer System Installation Fee is due on or before the second Payment Day after the Opening Date. If we, in our sole discretion, allow you to open your TA Truck Service Shop after the Opening Date, then you must pay Thirty Thousand Dollars ($30,000) on or before the second Payment Day after the Opening Date and the remaining Twenty Thousand Dollars ($20,000) on or before the first Payment Day after your TA Truck Service shop opens.
- 9.9 IT Security Fee. Beginning on the first full calendar month after the Opening Date, you must pay to us an IT Security Fee (the "IT Security Fee") of One Hundred Dollars ($100) per month. On January 1 of each calendar year the IT Security Fee shall be increased by using the CPI Adjustment. In no event shall the IT Security Fee be less than the
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center Franchise Disclosure Document, franchisees must pay an IT Security Fee. This fee is initially $100 per month, starting the first full calendar month after the Petro Stopping Center's opening date.
The IT Security Fee is subject to an annual increase based on the CPI Adjustment on January 1 of each calendar year. The agreement specifies that the IT Security Fee will never be less than the current fee, even upon renewal of the franchise agreement.
In exchange for paying the IT Security Fee, Petro Stopping Center grants franchisees access to specific software and data security technology. All payments due to Petro Stopping Center must be made via ACH electronic funds transfer (or another method specified by the company) on the due date. Petro Stopping Center may also require franchisees to pay additional amounts to the company or third parties for computer systems, which could include data security measures not covered by the IT Security Fee.