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You need to know and budget for the cost of writing and filing the Uniform Franchise Offering Circular (UFOC). It has to be completed and filed before you can sell a franchise, which means you will be incurring costs long before you receive revenue.
A reasonable legal fee for creating the UFOC, which includes an initial interview with you as well as ongoing communication, is $15,000.
You must file your Notice of Franchise Offering in the state in which you do business. You will file with the Office of Attorney General. Fees vary state to state, but you can reasonably expect $250. This is a recurring annual fee.
|Jennifer Mathes, Ph.D.|