What initial fees are associated with opening a Petro Stopping Center franchise?
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 the 2025 Petro Stopping Center Franchise Disclosure Document, the primary initial fee is the Franchise Fee. For a new Petro Center, this fee is $130,000, payable upon signing the Franchise Agreement. This fee is nonrefundable and considered fully earned by Petro Stopping Center once paid.
Petro Stopping Center offers a discounted Franchise Fee for multi-site franchisees. The franchise fee for the second and third franchise agreements is reduced by $25,000, contingent on the franchisee and their affiliates complying with all existing agreements. For the fourth and subsequent franchise agreements, the discount increases to $50,000, again subject to compliance with all prior agreements.
In addition to the franchise fee, the document mentions a transfer fee of $45,000 is required to defray expenses Petro Stopping Center incurs in connection with the transfer, including but not limited to, their third party expenses, and the costs of training the transferee (or its Managing Owner) in the Petro System and Petro System Standards. If the transfer is proposed prior to the first anniversary of the Opening Date, then the transfer fee shall be One Hundred Thirty Thousand Dollars ($130,000). If the proposed transfer is among your Owners, the transfer fee shall be Ten Thousand Dollars ($10,000).