What expenses are included in the Supplemental Training Fee for a Bang Cookies franchise?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
rograms and seminars, including, without limitation, the cost of transportation, lodging, meals and any salaries and other wages.
- (3) Franchisee shall pay all costs and expenses incurred by Franchisee, and those attending training on behalf of Franchisee, in connection with Franchisee's participation in all Training Programs and satisfaction of Franchisee's Training Program obligations as designated by Franchisor.
- (4) Subject to Franchisor's approval and agreement, Franchisor may offer supplemental training to Franchisee at Franchisee's Shop Location or, as elected by Franchisor, remotely through online web based conferencing (hereinafter referred to as "Supplemental Training"). Franchisor, in Franchisors Reasonable Business Judgment, reserves the right to reject or approve of any request by Franchisee for Supplemental Training. If Franchisor does agree to offer and provide Supplemental Training, Franchisee shall pay to Franchisor a supplemental training fee at the rate of $300 per trainer per day plus, if applicable, reimbursement of travel and hotel accommodation expenses incurred by Franchisor (the "Supplemental Training Fee"). Franchisee agrees that in each instance where Franchisee hires a new Operating Manager, and/or Franchisor, in Franchisor's Reasonable Business Judgment, determines that Franchisee is
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the Supplemental Training Fee covers several expenses. Specifically, the franchisee is responsible for paying Bang Cookies a supplemental training fee at a rate of $300 per trainer per day. In addition to this daily rate, the franchisee must also reimburse Bang Cookies for travel and hotel accommodation expenses incurred by the franchisor.
This supplemental training may be required by Bang Cookies if a franchisee hires a new Operating Manager or if Bang Cookies determines that the franchisee is not meeting the franchisor's operational standards. The franchisor reserves the right to approve or reject any request for supplemental training. The Supplemental Training Fees must be pre-paid in advance of training and upon submission of invoice by Franchisor to Franchisee.
For a prospective Bang Cookies franchisee, this means that unexpected costs can arise if Bang Cookies deems additional training necessary. It is important to factor in these potential expenses when assessing the overall investment and operational costs of the franchise. Understanding the conditions under which supplemental training may be required and budgeting for these costs can help in managing the financial aspects of the franchise more effectively.