Page 21 - UK Business Doctors FIM

Franchise Agreement - Key Points
FRANCHISOR BUSINESS
TRADE MARK SYSTEM
TRAINING & INITIAL SUPPORT
TERM
RENEWAL
INITIAL FEE
CONTINUING MANAGEMENT FEE
CENTRAL SERVICES RECHARGE
NATIONAL MARKETING
LOCAL PROMOTION
SALE OF THE BUSINESS ANNUAL
CONFERENCE WHOLE TIME AND ATTENTION
Business Doctors Franchising Limited
The marketing, selling and delivering of Business Doctors business advisory and support services to local SMEs
A UK Trade Mark has been registered under number 2409737. An EU Trade Mark (CTM) has been registered under number 008436628.
All Franchise Owners will be provided with a detailed Manual which sets out the Business Doctors System which must be followed.
All Franchise Owners will be fully trained/supported to ensure they understand the system fully.
Five years from signing.
Renewable for a further five years at the end of the first Term on the terms of the then current Franchise Agreement. A licence renewal fee of £5,000 is payable on renewal.
£39,500 plus VAT
Set at 10% of monthly turnover up to £10k and 5% of monthly turnover over and above £10k. This is only payable from Month 7, following your six month launch phase, and is subject to a minimum monthly fee that starts at £100 + VAT from month 7, building to £500 + VAT from month 16.
This covers a number of fixed cost services funded centrally and recharged back to the franchisee at £250.00 a month + VAT. See note 9 on page 15 for more information.
Subject to the provisions of the Agreement, the Franchisor will market and promote the System nationally and/or regionally.
Anticipated 5% (five per cent) of Gross Turnover (as defined) plus VAT to be spent on local marketing and advertising initiatives. This is spent entirely at the discretion of the franchisee and is not paid to the Franchisor.
Subject to the provisions of the Agreement, the Franchise Owner may sell his or her business to a person approved by the Franchisor.
If the Franchisor so decides, there will be an Annual Conference to which all Franchise Owners will be invited.
It is anticipated that the Franchise Owner must devote the whole of his or her time and attention to the Business.
PLEASE NOTE: The above is intended as an outline summary only of certain key provisions. It does not set out all of the terms which will govern the relationship. All intending Franchise Owners must read the Franchise Agreement thoroughly and take legal advice on its contents. Only the Franchise Agreement will govern the relationship between the parties.
Franchise Information Memorandum © 2020 Business Doctors Franchising Ltd. Revised 21/01/2020
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