What is the renewal fee for a Petro Stopping Center franchise?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
rms, operational requirements, and a Protected Area (if any) which differ from this Agreement. You and your owners further agree to sign general releases, in a form satisfactory to us, of any and all claims against us and our shareholders, officers, directors, employees, agents, Affiliates, successors and assigns. Failure by you or your Owners to sign such agreements and releases and deliver them to us for acceptance and signature within 60 days after their delivery to you will be deemed an election not to seek a Renewa
Source: Item 17 — RENEWAL TERMS. (FDD pages 208–228)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, franchisees must pay a renewal fee of $20,000 to renew their franchise agreement. This fee is due when the franchisee seeks to extend the term of their franchise for an additional period.
In addition to the $20,000 renewal fee, Petro Stopping Center has the right to charge franchisees for any services rendered and expenses incurred during the renewal process. These additional charges may include, but are not limited to, reasonable attorney's fees associated with granting the Renewal Term. Payment for these additional charges is due upon receipt of an invoice from Petro Stopping Center.
The FDD also states that the fees and conditions for any subsequent renewal terms will be determined by Petro Stopping Center at its sole discretion. This means that while the initial renewal fee is fixed at $20,000, the costs associated with future renewals could change. It is important to note that the franchisee must also meet other conditions to be granted a renewal term, such as compliance with the franchise agreement and completion of any required training programs.