How will the franchisee pay for additional training for their Afuri Ramen Dumpling franchise?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
- 2.1 Training Fees. Franchisee shall pay Franchisor the training fees described in the attached Appendix B by the due dates described in that appendix.
using training personnel selected by Franchisor for the period identified in Appendix B. Franchisor will ultimately determine the days and hours of Additional Training based on availability of Franchisor's training personnel and other factors Franchisor deems reasonable. Matters to be included in Additional
- 2.2 Training Costs. In addition to training fees per Section 2.1 above, Franchisee will be responsible for Franchisor's out-of-pocket costs related to the Additional Training, including transportation, meals and lodging for Franchisor's training personnel. Franchisee will reimburse such costs or pay them in advance as Franchisor will determine.
- 2.3 Method of Payment. Franchisee's payment obligations under this Agreement will be made by automatic account withdrawal or other automatic processes or forms of payment that Franchisor specifies, such as check, certified check, money order, credit or debit card, automatic preauthorized payment plan, electronic funds transfer, or payments through the internet, including processes whereby Franchisee authorizes Franchisor to remove the payment directly from Franchisee's bank account.
- 2.4 Late Charges. Late payments under this Agreement will be subject to late charges and interest prescribed by the Franchise Agreement. Such charges and interest will not exceed any limits imposed by applicable laws.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, franchisees are responsible for training fees and out-of-pocket costs related to additional training. The training fees are outlined in Appendix B of the Franchise Agreement, including due dates. These fees are paid to Afuri Ramen Dumpling for the training itself. In addition to these fees, franchisees must cover the out-of-pocket expenses incurred by Afuri Ramen Dumpling's training personnel, such as transportation, meals, and lodging.
The franchisee will either reimburse these costs or pay them in advance, as determined by Afuri Ramen Dumpling. This means franchisees need to budget not only for the direct training fees but also for the potential travel and accommodation expenses of the trainers. The specific days and hours of additional training are determined by Afuri Ramen Dumpling, based on the availability of their training personnel and other factors they deem reasonable.
Payments for all obligations under the Franchise Agreement, including training-related expenses, are to be made via automatic account withdrawal or other automatic payment methods specified by Afuri Ramen Dumpling. These methods may include check, certified check, money order, credit or debit card, automatic preauthorized payment plan, electronic funds transfer, or online payments where the franchisee authorizes direct withdrawals from their bank account. Late payments are subject to late charges and interest as prescribed in the Franchise Agreement, within the limits of applicable laws.
Prospective franchisees should carefully review Appendix B of the Franchise Agreement to understand the full scope of training fees and payment schedules. They should also clarify with Afuri Ramen Dumpling the expected out-of-pocket costs for training personnel to accurately budget for additional training expenses. Understanding these costs and payment methods is crucial for managing the financial obligations of the franchise.