hi ,
I'm interested in a franchise for Pita Pit, they are new to NZ
and have opened thier first pilot store. The master franchise
holder wants $1000 NZ deposit before i see the master
franchise agreement. which can only be refunded if i decide
not to go ahead. Is this common? what if the francise
agreement has unreasonable clauses. I can only cover so much
talking face to face with the franchisor. I feel i should have
all the details disclosed before i pay a non refundable
deposit??? also to any friends in the USA/CANADA how good is
there profile in your area? i hear there is one new store
opening every week. would anyone here say they are the next
big thing?
all comments are appreciated, thanks
#1. "RE: Franchise oppertunity" In response to Reply # 0
I would double-check with the master franchise holder. It seems to me that the deposit should be refundable if you decide not to go ahead and then deleted from the franchise fees if you do go ahead. It is my understanding that once you actually sign the franchise agreement, then and only then is it no longer refundable.
In other words, you pay to see the agreement. If you don't like it, you walk away and get your money back. If you do like it, you sign the agreement, then pay the balance of the franchise fee.
It seems to be standard operating procedure as it pertains to franchises.