factual

When is the 7 Brew Annual Meeting/Convention fee due?

7_Brew Franchise · 2025 FDD

Answer from 2025 FDD Document

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Column 1 Column 2 Column 3 Column 4
Type of Fee(1, 6) Annual Meeting / Convention Amount(2) Will vary under circumstances (not to exceed $1,000 per person; does not include your actual out-of-pocket Due Date As incurred Remarks You (or your designated representative we approve) may attend an annual franchisee meeting, in which case you must pay an atten

Source: Item 6 — OTHER FEES (FDD pages 16–23)

What This Means (2025 FDD)

According to 7 Brew's 2025 Franchise Disclosure Document, the Annual Meeting/Convention fee is due as incurred. This means the fee is payable at the time of attendance. The amount will vary depending on the circumstances, but it will not exceed $1,000 per person, excluding actual out-of-pocket attendance costs paid to third parties.

Franchisees (or their designated representative approved by 7 Brew) may attend an annual franchisee meeting, and payment of the attendance fee is required for participation. This fee covers 7 Brew's costs associated with organizing and hosting the meeting. However, it's important to note that this fee does not include the franchisee's personal expenses, such as travel and accommodation, which are paid separately to third parties.

This "as incurred" payment structure is common in franchising for events like annual meetings. It ensures that franchisees only pay if they choose to attend, making it a discretionary expense. Franchisees should budget for this expense if they plan to participate in the annual meeting, as it provides an opportunity to network with other franchisees and receive updates from the 7 Brew leadership team.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.