factual

What does the initial training fee cover for an Afuri Ramen Dumpling franchise?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

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Notes:

    1. Initial Franchise Fees. The Initial Franchise Fee is $45,000 and is payable upon signing the Franchise Agreement. It is reduced to $30,000 for your second and each additional franchise you purchase. The initial training program is included in the Initial Franchise Fee for your owners and your General Manager, Kitchen Manager, Bar Manager, and Commissary Manager. You will be responsible for your expenses that you incur associated with the training (e.g. transportation, me

Source: Item 7 — Estimated Initial Investment (FDD pages 16–22)

What This Means (2024 FDD)

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the initial training program is included in the initial franchise fee. This covers training for the owner(s), General Manager, Kitchen Manager, Bar Manager, and Commissary Manager. However, franchisees are responsible for covering their own expenses associated with the training, such as transportation, meals, and lodging.

This means that while the cost of the training program itself is covered by the initial franchise fee, franchisees must budget for out-of-pocket expenses for themselves and their management team to attend the training. These costs are estimated to be between $6,000 and $10,000, as listed in the table of initial expenditures.

It is important to note that Afuri Ramen Dumpling only covers the initial training expenses for the first franchise purchased. If a franchisee purchases multiple franchises, they will be responsible for the training costs associated with each additional franchise. Additionally, the FDD mentions that additional training is outlined in Item 11, suggesting that there may be ongoing training requirements beyond the initial program.

Disclaimer: This information is extracted from the 2024 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.