- Franchisor Creation
- Initial Fees – $47,500 for full system
- 2 payment options:
- Full Payment = 50% down, 25% after 30 days and the balance upon completion of the FDD (at launch meeting)
- Monthly + Late fees = $7,500 down + $4,000 per month
- When the 1st franchise sold, pay down the balance with half of the then-current balance,
- Pay off balance with the 2nd franchise sale
- Available discounts (can use only one discount)
- MinorityFran or VetFran – 10% discount
- IFA Member or MFV Show – $5,000 discount prorated if sign at show
- 2 payment options:
- On-going Fees
- State registrations – $1,000 per state; home state is free
- Trademarks – $1,000 each (for our Franchisor’s only) $2,000 otherwise
- Operations manuals – $10,000 and up.
- Renewals – $375 per hour, plus state fees. Included, if on monthly retainer
- Initial Fees – $47,500 for full system
- Marketing & Legal Compliance – $1,500 per month plus 5% of sales
- Existing Franchisor FDD modification – $10,000
- Manual review – $5,000
- ProcessPeak creation – $7,500
- Manual rewrites – by attorney quote only
- Franchisee FDD review – $2,000. (10% discount if they attended a seminar / Expo)
- Franchisee FDD negotiations – $375 per hour with 2 hour minimum
- Legal Entity creation – $2,000/$2,500 depending upon # of members
- Trademark – $2,000 for first trademark, $1,000 each additional (10 year term of service)
- Copyright – $1,000 for first copyright, $500 each additional
- Litigation – $375 per hour with 2 hour minimum, retainers will be determined by attorneys
- Biz opportunity – $25,000
- License Agreement – $5,000
- General legal services – $375 per hour with 2 hour minimum