What is the maximum annual conference fee that Bang Cookies may charge?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
tem Supplies. (Franchise Agreement, Articles 4.B. and 4.C.);
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- Annual System Conference We may, in our discretion, coordinate an annual conference to be attended by franchisees of the System that are in good standing. We may charge an annual conference fee not exceeding $1,500. You will be responsible for all travel and accommodation expenses associated with your
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 29–36)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, Bang Cookies may coordinate an annual conference for franchisees in good standing. If Bang Cookies holds an annual conference, they may charge franchisees an annual conference fee, but it will not exceed $1,500. Franchisees are responsible for their own travel and accommodation expenses to attend the conference.
This means that as a Bang Cookies franchisee, you might need to budget up to $1,500 per year for conference fees, in addition to travel and lodging. It is important to note that attendance at the annual conference is not mandatory, as Bang Cookies may coordinate the conference at their discretion.
While the FDD specifies a maximum conference fee, it does not guarantee that a conference will be held every year or at all. A prospective franchisee should inquire about the frequency and location of these conferences to better understand the potential costs and benefits of attending.