How is the IT Security Fee adjusted annually 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
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 IT Security Fee is subject to annual adjustments. The initial IT Security Fee is $100 per month, starting the first full calendar month after the franchise's opening date. This fee is designed to grant the franchisee access to specific software and data security technology provided by Petro Stopping Center.
On January 1st of each year, the IT Security Fee will be increased based on the CPI Adjustment. The CPI Adjustment refers to the Consumer Price Index, a measure of the average change over time in the prices paid by urban consumers for a basket of consumer goods and services. This means the IT Security Fee can increase annually to reflect changes in the cost of living and inflation.
However, the agreement stipulates that the IT Security Fee will never be less than the current fee, even upon renewal of the franchise agreement. This clause ensures that the fee will only increase over time, providing a predictable minimum cost for the franchisee. Petro Stopping Center may also require franchisees to pay additional amounts to them or third parties for other data security measures not covered by the IT Security Fee.