Franchise Costs
Our quest to provide investment and asset opportunities to investment lovers, working class persons and retirees, in addition to our business initiative and flexibility, has motivated many people to owning the The Promise of their own. Our startup costs are exceptionally low and we are among the very few that offer a financial support. The Promise has secured partnership of a mega bank to provide 60% of the payment required of the prospective franchisee. The other 40% is paid by the franchisee as equity contribution. Please go through our financial requirements as follows.
|
S/NO |
BASIC FEES FOR SINGLE UNIT |
AMOUNT |
|
|
($) |
( |
||
|
1 |
Application Fee |
125 |
25,000 |
|
2 |
Franchise Fee |
20,000 |
4,000,000 |
|
3 |
Agreement Fee |
7,000 |
1,400,000 |
|
4 |
Royalty Fee |
5% |
|
5 |
Advertising Fee |
2.5% |
Four Concepts Franchise Model:
|
6 |
Classic Concept |
$150,000 |
|
|
7 |
Premium Concept |
$250,000 |
|
|
8 |
Icon Concept |
$375,000 |
|
|
9 |
Galleria Concept |
$500,000 |
|
The Franchise agreement is for ten (10) years, and renewable for another term of ten (10) years subsequently.
N/B: The initial fee for multi-unit arrangement under the development agreement may be negotiated.
