Restore fee in a Franchise Agreement - Online Editor

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How to restore fee in the Franchise Agreement

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[Music] good afternoon my name is jeff thompson im a senior partner in the law firm of the franchise and business law group ive been practicing franchise law for more than 35 years today im going to talk to you about the fees that you have to establish as a franchisor were going to look at your initial fee were going to look at the royalty you will charge and well look at your advertising fee and then a category called other fees looking first at the initial fee the initial fee is important but it isnt designed for you to make money on it isnt a profit center what youre trying to do is set the initial fee to cover your costs and those costs involve the professional fees of the attorney and the accountant itll cover your marketing costs putting together the materials and websites related to it and it will also cover your travel and your own salary or the cost for you to get that franchise sold you want all of those costs covered but youre not trying to make a profit out of th

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Is Restore Hyper Wellness a good franchise to own?

On Thursday, Restore was recognized as one of the top 500 franchises in Entrepreneurs Franchise 500 list, improving on its ranking from 2022. The 2023 Franchise 500 ranked Restore as 78 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

Can you get your franchise fee back?

The franchise fee is usually non-refundable. Unless the franchise agreement states otherwise, you wont get the fee back under any circumstances. However, your franchise agreement may provide a refund if you decide to cancel the deal within a certain period, usually 30 to 45 days after you sign the agreement.

How much is Restore franchise?

Key stats Franchise fee$44,500 Royalty fee 7.00% Marketing fee 4.00% Investment (mid-point) $1,049,000 Revenue per unit $924,0004 more rows Mar 6, 2024

How much is a restore franchise cost?

Key stats Franchise fee$44,500 Royalty fee 7.0% Marketing fee 4.0% Investment (mid-point) $1,049,000 Revenue per unit $924,0004 more rows Mar 6, 2024

What is included in franchise fee?

The franchise fee covers the cost of your application, training, initial marketing and advertising, sales commission and general costs incurred by the franchisors corporate team in getting you all set up.

How much is a Restoration One franchise?

The franchise fee for your first territory is $54,900 and unlike our competition, we have prime territories available. The total investment estimate to begin operations on a new restoration franchise ranges from $84,500 to $193,125.

How much does it cost to buy a restoration franchise?

Initial Franchise Fee The service industry tends to have lower franchise fees and initial investment costs. Renovation companies initial franchise fees typically range from $29,000 to $122,000. On average, most franchise fees in this sector top out at about $60,000.

Who is the owner of Restore?

Im Jim Donnelly. Im the CEO and co-founder of Restore Hyper Wellness.

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