(Ambrosio’s note: Welcome to FDD Talk 2.0, a more comprehensive version of our flagship content, featuring not only the Item 19 financial performance representations of select franchises, but their estimated initial investment, unit growth, and other key items of their 2012 FDD as well.)
Highlights of Painting with a Twist’s 2012 Franchise Disclosure Document – Part 2
Other Fees Under the Franchise Agreement
- Royalty: 6% of Gross Sales, payable weekly. Gross Sales is intended to include income of every kind and nature related to your PWAT business. Gross Sales shall not include the amount of any excise or sales tax levied on retail sales and payable over to the appropriate governmental agency.
- Advertising Fund Fee: 2% of Gross Sales, payable weekly.
- Cooperative Fee: 1% up to 3% of Gross Sales, as established by the cooperative.
Historical Financial Performance Representation for the Franchise System’s Existing Outlets