CLEEN & GREEN CLEANING SERVICES

Franchisee Timeline and Payment Schedule

WHEN WHAT FRANCHISOR FRANCHISEE

REVISED (6/23/2022)
1. * Signing of Franchise Agreement (FA) * Receives FA * Gives signed FA
(4 copies of FA in a folder) a. Initial Fee Php 500,000 * Pays 100% Initial Fee Php500,000
- 12% VAT - Php 60,000 ( F'sor- BIR) * Pays to BIR

b. Pre-Operating Services Php350,00.00

* Processing Fee
* Training fee
* Pre Operate Services
* Branch Opening Services
c. Franchise Fee Php 150,00
20% Final Tax Php 30,000 * Pays 20% FWT to BIR
Net Initial Fee Php 410,000.00
REVISED (6/23/2022)
*Branch Set-Up Cost b. 50% of Branch Set-Up Cost * Receives 50% of branch cost * Pays 50% of the branch cost * Registers with DTI/SEC
Php 328,000.00 164,000.00 164,000.00 164,000.00 * Registers with BIR

2. Two(2) Weeks After Signing the FA Balance of 50% of * Receives P 164,000.00 * Pays balance or 50% of
the Branch Set-Up Cost the branch Set - Up Cost.
164,000.00

3. 30 days prior Opening

* Payment for Uniform * Pays Php 7,000.00 * Secures & pays licenses/permits
* Initial Inventory * Pays Php 35,000.00 utilities & rentals
* Security Deposit * Pays Php 50,000.00 (dependent on the site)

* Trains branch staff * Pays training allowance

10,000.00