Updated February 13, 2018.

If you are considering a Green Leaf’s Beyond Great Salads/Bananas Smoothies & Frozen Yogurt franchise, don’t get blindsided by these 15 important franchise fees (from the initial franchise fee, to the royalty fee, to 13 other fees found in Items 5 and 6 of Green Leaf’s Beyond Great Salads/Bananas Smoothies & Frozen Yogurt’s 2017 FDD).

1.  Initial Franchise Fee:  $22,000 for a Bananas Smoothies & Frozen Yogurt franchise; $25,000 for a Green Leaf’s Beyond Great Salads franchise; $27,200 for both franchises purchased at the same time (see below for restrictions and discounts)

• The franchisor charges its franchisees a standard initial franchise fee of $25,000 due upon execution of the Franchise Agreement for the Green Leaf’s Beyond Great Salads franchise. It charges a standard initial franchise fee of $22,000 upon execution of the Franchise Agreement for a Bananas Smoothies & Frozen Yogurt franchise.

• The franchisor may negotiate the amount of an initial franchise fee. Since its formation on August 14, 2003, the franchisor has not negotiated any initial franchise fee and it is under no obligation to do so.

• The franchisor offers a special discount of 20% off the initial franchise fee of the Green Leaf’s Beyond Great Salads (or Bananas Smoothies & Frozen Yogurt) franchise for all U.S Military Veterans.

• The initial franchise fee is non-refundable. The purpose of the initial franchise fee is to reimburse the franchisor for costs, including, but not limited to, training and design assistance.

• If you have not signed the necessary lease documentation within nine months after signing the Franchise Agreement, you or the franchisor may terminate the Franchise Agreement. In that event, the franchisor will refund from 20% to 100% of the initial franchise fee, depending upon the costs and expenses it has incurred in connection with the franchise as long as you and your owners sign a general release satisfactory to the franchisor.

• If you fail to open the restaurant within six months after the site has been made available (or a different date if specified in the lease), the franchisor may terminate the Franchise Agreement. In that event, the franchisor will refund from 20% to 100% of the initial franchise fee depending upon the costs and expenses it has incurred in connection with the franchise as long as you and your owners sign a general release satisfactory to the franchisor.

• There are no refunds under other circumstances.

• If you purchase the Green Leaf’s Beyond Great Salads franchise, you may also at the same time purchase the Bananas Smoothies & Frozen Yogurt franchise for an additional fee of $2,200. This Simultaneous Incentive Program does not apply to renewals or transfers.  The franchisor reserves the right to discontinue this program at any time.

• The franchisor offers a special discount of 20% off the initial franchise fee of the simultaneous purchase of Green Leaf’s Beyond Great Salads and Bananas Smoothies & Frozen Yogurt franchises for all U.S. Military Veterans.

• For an existing franchisee purchasing an additional franchise, you will be eligible for the following multi-unit discount:

• 2nd Franchise Location:  20% discount on the then-current initial franchise fee
• 3rd Franchise Location:  25% discount on the then-current initial franchise fee
• 4th Franchise Location:  30% discount on the then-current initial franchise fee
• 5th or more Franchise Location:  50% discount on the then-current initial franchise fee

• The discount program does not apply to transfers. The franchisor also reserves the right to discontinue this program at any time.

2.  Initial Deposit (optional):  $12,500

• You may make an initial deposit in the sum of $12,500 for the Green Leaf’s Beyond Great Salads (or Bananas Smoothies & Frozen Yogurt) concept only, or $12,500 for both the Green Leaf’s Beyond Great Salads and Bananas Smoothies & Frozen Yogurt concepts for a single franchise restaurant location, or 10% of the purchase prices if you are buying one of the company restaurants.

• If the franchisor accepts the deposit and you both sign the Deposit Agreement, you may purchase a franchise under the terms available at the time the deposit is made.

• The deposit will be applied to the initial franchise fee if the franchise is purchased within 90 days from the date the deposit was accepted.

• If you do not purchase a franchise (or complete the purchase of one of the franchisor’s available for sale company restaurants) within the 90-day period, the franchisor will refund 50% of the initial deposit within 10 days from the expiration of the 90-day period.

• The deposit is applicable to the purchase by the depositing party only, and is not assignable.

3.  Area Development Fee:  one-half of the total initial franchise fee (based upon the number of restaurants being developed)

• If you are qualified and enter into an Area Development Agreement with the franchisor, you must pay an initial development fee when you sign the Area Development Agreement. The amount of the Area Development Fee depends upon the number of restaurants to be opened.

• The Area Development Agreement requires an upfront payment of one-half of the total initial franchise fee (based upon the number of restaurants being developed) and is due at the time of execution of the Deposit Agreement.

• After paying the development fee as explained above, at the time of executing each Franchise Agreement for each restaurant to be developed under the Area Development Agreement after the first one, you must pay the balance of the initial franchise fee.

• These fees are non-refundable and are due and payable upon signing each Franchise Agreement.

4.  Royalty:  5% of Gross Sales

• Due Date:  On Tuesday of each week based on Gross Sales for the preceding week.

• You must submit Royalty reports weekly by facsimile, electronic mail, or such other system(s) the franchisor may designate on a system-wide basis.

• The franchisor will require payment by check draft for Royalties due or it may require you to submit reports manually and send in a check.

• The franchisor may offer a credit on continuing Royalty Fees of up to $2,500 for new franchisee sponsorships.

5.  Local Advertising Payment:  3% of Gross Sales

• Due Date:  As incurred.

• 3% of Gross Sales each calendar quarter except in Regional Shopping Mall, Urban Retail Center, Major Office Building, Airport, or Institutional Feeding Facility.

6.  National Advertising Fund:  currently, 1% of Gross Sales; maximum of 3% of Gross Sales

• Due Date:  On Tuesday of each week based on Gross Sales for the preceding week.

• The franchisor has created a National Advertising Fund (“Fund”) for which you must contribute a minimum of 1% of Gross Sales each week if the Franchised Business is located in a Regional Shopping Mall, Urban Retail Center, Major Office Building, Airport, or Institutional Feeding Facility.

• The franchisor may increase the required minimum, but in no case shall the Fund be increased to more than a total of 3% of Gross Sales.

7.  Site Evaluation:  out-of-pocket expenses for visiting and inspecting proposed site

• Due Date:  As incurred.

• Payable only if on-site inspection of proposed site is necessary. The franchisor reserves the right to charge a fee for conducting evaluations, although a fee is not imposed at this time.

8.  Design and Construction Assistance Expense:  $250 to $750

• Due Date:  As incurred.

• For out-of-pocket expenses incurred in connection with replicating and shipping architectural and construction plans.

9.  Audit by Franchisor:  cost of audit; interest due; $500 adjournment fee

• Due Date:  As incurred.

• Costs of audit payable only if audit reveals understatement of 2% or more; however, interest will be charged if Gross Sales are underestimated by any amount; adjournment fee payable if you fail to prepare required documents for audit meeting.

10.  Transfer Fee:  $10,000, or if franchisor’s actual cost incurred exceeds $10,000, then in that event, the actual cost franchisor incurred to complete the transfer

• Due Date:  On or before date of transfer.

• Upon execution of transfer documents and completion of training.

11.  Renewal Fee:  50% of then-current initial franchise fee

• Due Date:  On or before date of expiration of Franchise Agreement.

• Upon execution of renewal documents.

12.  Costs and Attorneys’ Fee:  will vary under circumstances

• Due Date:  As incurred.

• Payable on your failure to comply with the Franchise Agreement.

13.  Interest on Overdue Payment:  lesser of 1½% per month or maximum rate permitted by law

• Due Date:  As incurred.

• Payable on overdue amounts after ten days.

14.  Conversion Fee Prior to the End of the Term of the Franchise Agreement:  10% of the then-current initial franchise fee of the concept to which you wish to convert

• Due Date:  On or before the date upon which the conversion is to become effective.

• Upon execution of conversion documents.

15.  Additional Assistance:  $100 for each person per day

• Due Date:  30 days after billing.

• The franchisor reserves the right to charge for additional assistance and ongoing training.