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April 19, 2017,
SUBJECT:REQUEST FOR PROPOSALS (RFP) No. 17053CG
SECTION I
Invitation City of Corona Purchasing Division (City) invites proposals from qualified consultants for:
Franchise Fee and TOT
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How to fill out franchise fee and tot
How to fill out franchise fee and tot
01
Determine the amount of franchise fee and tot as specified in the franchise agreement.
02
Gather all necessary financial information and documents to calculate the fees, such as previous sales records, operational expenses, and projected revenue.
03
Calculate the franchise fee by multiplying the agreed percentage with the projected revenue or a flat fee specified in the agreement.
04
Calculate the tot by adding up all the operational expenses, marketing fees, and other costs specified in the franchise agreement.
05
Fill out the franchise fee and tot sections in the required forms provided by the franchisor accurately and completely.
06
Include any additional supporting documents or explanations as required.
07
Review the filled-out forms and calculations to ensure accuracy and compliance with the franchise agreement.
08
Pay the franchise fee and tot according to the specified payment terms and methods.
Who needs franchise fee and tot?
01
Individuals or businesses seeking to become franchisees of a specific franchisor need to pay the franchise fee and tot.
02
Franchise fee is required by the franchisor as a one-time payment or ongoing royalties to grant the right to operate a franchise business.
03
The tot, short for 'total operational costs,' is required by the franchisor to cover the expenses associated with training, support, marketing, and other operational aspects of the franchise business.
04
The franchise fee and tot ensure that franchisees have the necessary financial commitment and resources to successfully operate the franchised business.
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