factual

When is the monthly training fee for Afuri Ramen Dumpling due?

Afuri_Ramen_Dumpling Franchise · 2024 FDD

Answer from 2024 FDD Document

ions. How to manage production for 1, 2 and more locations.

  • Product transfer / delivery requirements for local and state needs for when second location opens.
  • Vendor communications preferred products, order days, quality check
  • Basic overview and introduction to software tools required or approved by Franchisor for maintaining above items

APPENDIX B

TRAINING FEES AND DURATION OF TRAINING

Training Fees: $ per month for approximately hours of Additional Training per calendar month by a single trainer [ALTERNATIVE: per trainer by [#] trainers]. The specific individual(s) providing training on behalf of the Franchisor may change during the course of this Agreement. This training fee is due in advance by the day of each calendar month.
Deposit: $ deposit is due upon signing this Agreement. The deposit will be applied to
monthly invoices until exhausted. Franchisor may require Franchisee to replenish the deposit.
Upon early termination of this Agreement, Franchisor will refund the unearned portion of the
deposit. [ALTERNATIVE: The deposit is non-refundable, even if this Agreement is terminated
early.]
Duration of Training.

Source: Item 23 — Receipts (FDD pages 50–189)

What This Means (2024 FDD)

According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, the monthly training fee is due in advance by the first day of each calendar month. This fee covers additional training, with the specific amount per month and the number of training hours determined by the franchise agreement. The individual trainers may change during the agreement.

In addition to the monthly training fee, a deposit is required upon signing the franchise agreement. This deposit is applied to monthly invoices until it is exhausted, and Afuri Ramen Dumpling may require the franchisee to replenish it. The FDD offers two alternatives regarding the deposit: it may be refundable upon early termination of the agreement, with the unearned portion refunded, or it may be non-refundable, even if the agreement is terminated early.

Additional training commences on a specific date and ends on another date, both of which are to be specified in the franchise agreement. If a franchisee requests more training hours than initially agreed upon, Afuri Ramen Dumpling has the discretion to provide the additional training. If they do so, the franchisee will be responsible for a pro rata increase in training fees, as well as Afuri Ramen Dumpling's training costs. This arrangement ensures that franchisees have access to additional support while also covering the costs incurred by the franchisor for providing it.

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.