Waggin’ Tailz Franchise Cost & Fees
Date Incorporation: 2008
Franchising Since: 2008
Description: The Waggin' Tailz franchise operates a home-based business which provides dog and pet care services such as pet sitting, vacation visits, dog walking, puppy breaks, boarding, and pet taxiing.
Franchise Offer: The franchise offered is for the right to operate a home-based business which provide dog and pet care services that operate under the name "Waggin' Tailz,"
Financial Assistance: The franchisor does not offer direct or indirect financing.
Training and Assistance: The franchisee and up to two additional employees must attend and successfully complete the initial training program. This is located in Houston, Texas.
Territory: The franchisee will be granted an exclusive territory.
Term of Agreement and Renewal: The length of the franchise term is 10 years, with an option for renew for one additional term of 10 years.
Obligations and Restrictions: The franchisee must be involved in the general oversight and management of the operations of the Franchised Business.
Total Number of Units: 1 outlet at the end of 2007
Total Number of franchises Units: No franchised outlets at the end of 2007
|Initial Franchise Fee||$8,000||$8,000|
|Business Licenses & Permits||$150||$1,000|
|Fixtures, Furnishings &Equipment||$0||$500|
|Computer System and Licensing Fee||$500||$2,500|
|Other Professional Fees||$0||$1,000|
|Initial Inventory of Supplies||$500||$600|
|Grand Opening Advertising||$500||$1,000|
|Additional Funds (for initial period of operations)||$0||$500|
|TOTAL ESTIMATED INITIAL INVESTMENT||$10,300||$17,350|
|Name of Fee||Amount|
|Royalty||4% of Net Sales.|
|Advertising Obligations||2% of Net Sales to the System Ad Fund. Local advertising - additional 1% of Net Sales|
|Local Telephone and On-line Directories||Varies|
|Additional telephonic, electronic mail training and assistance||For additional telephonic and electronic mail assistance, our additional training fee is currently $50.00 per hour.|
|On-site training and assistance||For on-site assistance, our per-diem charge is currently $500, plus our out-of-pocket expenses, per trainer. For additional telephonic and electronic mail assistance, our additional training fee is currently $50.00 per hour.|
|Fees related to Computer System and Software||One-time user license fee of $500 to Us|
|Product/Supplier Testing||Varies - the costs of testing and evaluation.|
|Transfer Fee||An amount equal to 50% of our then-current initial franchise fee.|
|Renewal Fee||An amount equal to 50% of our then-current initial franchise fee.|
|Charges for "mystery customer" quality control evaluation||Will vary under circumstances, but not to exceed $500 per year.|
|Technology Fee||$20 per month during the term of your Franchise Agreement.|
|Late Fee and Interest on Overdue Payments||A late fee equal to 5% of your overdue amount, and interest equal to 1.5% per month (but not more than any maximum rate set by law).|
|Dues and Assessments Imposed by a Franchisee Advisory Council||Currently - none|
|Gift Card Program||Will vary under circumstances|
|Prohibited Product or Service Fine||$250 per day of use of unauthorized products or services|
|Audit Expenses||All costs and expenses associated with the audit, reasonable accounting and legal costs.|
|Insurance Procurement||Our cost to obtain insurance coverage if you fail to do so.|
|Relocation Expenses||Our actual expenses.|
|Costs and Attorneys' Fees||Will vary under circumstances.|
|Indemnification||Will vary under circumstances.|
Date of FDD: 2009
The above information has been taken from the UFOC/FDD of Waggin’ Tailz
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