What is the purpose of the 'Annual System Conference' for Beard Papas franchisees?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
Lease Agreement Rider, Collateral Assignment of Lease, and the Assignment of Telephone Numbers and Digital Media Accounts, as said agreements, individually and/or collectively, may have been entered into between the foregoing parties.
- "Annual Conference Attendance Fee" refers to and means an annual conference attendance fee to be paid by Franchisee to Franchisor in an amount determined by Franchisor but not to exceeding $1,200 annually.
- "Annual System Conference" refers to and means a conference that may be established and organized by Franchisor for the purpose of facilitating networking among Beard Papa's Shop franchisees, and general education. Franchisor shall designate and determine whether or not an Annual System Conference shall occur and, if one is established in any particular year, the dates, content and location of the Annual System Conference. The Annual Sy
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the Annual System Conference is designed to facilitate networking among Beard Papa's Shop franchisees and provide general education. The franchisor determines whether the conference will occur in a particular year, as well as its dates, content, and location.
This conference, if held, will not exceed three consecutive days per calendar year. Franchisees are responsible for covering all costs associated with their travel to and attendance at the conference. Additionally, franchisees may have to pay an annual conference attendance fee to the franchisor, not exceeding $1,200 annually.
For a prospective Beard Papas franchisee, the Annual System Conference represents an opportunity to connect with other franchisees and gain further insights into operating their business. However, it also entails additional costs for travel, attendance, and potentially a conference fee, which should be factored into their financial planning. The fact that the conference is not guaranteed to occur every year means franchisees should confirm its schedule and content each year with the franchisor.