What is the purpose of the Annual Convention Fee charged by Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
ncurred in the operation of your Franchise including labor costs. You are required to hire and maintain sufficient staff in order to handle customer volume at all times. You are required to pay your employees and staff the wage prevailing (or in some areas a wage high than the then prevailing wage) in your market area for employees with similar labor skills, people skills and similar job responsibilities.
- 5.5 Attendance at Conventions. We may hold conventions for the franchisees that make up our franchise system. These conventions may be held at a different location each time. They include programs on sales and marketing techniques, performance specifications, advertising programs, training suggestions, and committee elections, among other things. Your attendance at
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the Annual Convention Fee is intended to help cover the costs of training materials, handouts, videos, recordings, and similar resources used at the annual conventions. The document states that Advanced Mobile Iv And Amiv may charge franchisees up to $500 for this fee each year, and this charge can be applied even if the franchisee does not attend the convention.
In addition to the Annual Convention Fee, franchisees are responsible for covering all their own expenses related to attending the convention. These expenses include travel, lodging, meals, and entertainment. This means that franchisees need to budget not only for the fee itself but also for the full cost of attending the convention if they choose to do so.
Advanced Mobile Iv And Amiv holds conventions for franchisees that include programs on sales and marketing techniques, performance specifications, advertising programs, training suggestions, and committee elections, among other things. Attendance at each convention is required.