What is the current monthly Software Fee for an Advanced Mobile Iv And Amiv franchise?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
| Name of Fee | Amount | Date Due | Remarks |
|---|---|---|---|
| Software Fee | Currently $500/month | Payable monthly, currently on the 15th day of each month, for the current month | This fee is currently used for website software booking subscription and online and social media, and may be used for other software, technology, and processes that we determine. We may change this fee once each calendar year with 30 days' notice to you but no more than 10% per year. |
Source: Item 6 — OTHER FEES (FDD pages 13–19)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the current Software Fee is $500 per month. This fee is payable monthly, specifically on the 15th day of each month, covering the current month's usage.
The Software Fee is used for various technology-related expenses. Currently, it covers the website software booking subscription, online presence, and social media activities. Advanced Mobile Iv And Amiv may also use this fee for other software, technology, and processes deemed necessary for the franchise system.
Advanced Mobile Iv And Amiv retains the right to modify the Software Fee. They can change the fee once per calendar year, providing franchisees with a 30-day advance notice. However, any annual increase is capped at a maximum of 10%. This provides some predictability for franchisees in budgeting for this expense.
Prospective franchisees should consider the Software Fee as a mandatory ongoing expense. It is important to understand how this fee contributes to the technology infrastructure and support provided by Advanced Mobile Iv And Amiv, and to factor potential increases into long-term financial projections.