When is the franchise fee due for a Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ification of any policy;
- (g) provide that you cannot reduce the policy limits, restrict coverage, cancel or otherwise alter or amend the policies without our prior written consent; and
- (h) contain such other terms and conditions as we may require from time to time.
- 8.4 Evidence of Coverage. Within five (5) days after the Agreement Date, you must forward a copy of the certificate of insurance to us. Before the expiration of the term of each insurance policy, you must furnish us with a copy of each new, renewal or replacement policy you have obtained to extend your coverage, along with evidence of the premium payment.
9. FEES.
9.1 Initial Fees.
- (a) Franchise Fee: You agree to pay us the Franchise Fee in the amount of $130,000 for a Petro Center. The Franchise Fee must be paid to us on the Agreement Date. The Franchise Fee is nonrefundable and is fully earned by us when paid.
- (b) Discounted Fee for Multi-Site Franchisees. The Franchise Fee due and owing under the second and each subsequent Franchise Agreement you or your Affiliates execute with us for a Petro Center shall be discounted as follows:
- (i) The Franchise Fee due and owing under t
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the franchise fee of $130,000 is due on the Agreement Date. The Agreement Date is defined as the effective date of the Franchise Agreement. This fee is nonrefundable and is considered fully earned by Petro Stopping Center upon payment.
For franchisees considering developing multiple Petro Stopping Center locations, Petro Stopping Center offers a discounted franchise fee for the second and subsequent agreements. The franchise fee for the second and third franchise agreements is reduced by $25,000, while the fee for the fourth and each subsequent agreement is reduced by $50,000. These discounts are contingent upon the franchisee and their affiliates being in compliance with all existing franchise agreements with Petro Stopping Center.
In addition to paying the franchise fee, the franchisee must also pay all other amounts due to Petro Stopping Center, landlords, governmental authorities, and suppliers before opening the Petro Center for business. This ensures that all financial obligations are met before commencing operations. The franchisee must open the Petro Stopping Center for business no later than 24 months from the Agreement Date, or they may be subject to an extension fee.