When is the initial fee of $25,000 due for a Surestay Hotel By Best Western franchise?
Surestay_Hotel_By_Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be made |
|---|---|---|---|---|
| Franchise Application | $2,500 | Lump Sum | With Franchise | Us |
| Fee (1) | Application |
Source: Item 7 — Estimated Initial Investment (FDD pages 35–48)
What This Means (2025 FDD)
According to the 2025 Surestay Hotel By Best Western FDD, the initial franchise fee of $25,000 is due upon signing the Franchise Agreement. This fee is a lump sum payment made directly to Surestay Hotel By Best Western. However, the initial fee will increase by $100 per guest room for hotels with over 100 guest rooms.
This means that before a franchisee can officially begin operating a Surestay Hotel By Best Western, they must first remit the initial fee. This fee covers Surestay Hotel By Best Western's initial costs of setting up the franchise and providing the franchisee with the necessary resources and support.
It's important to note that this initial fee is non-refundable, as stated in the explanatory notes of the FDD. Therefore, prospective franchisees should carefully consider their decision before signing the Franchise Agreement and paying the initial fee.