Where can I find the current technology fee for a Best In Class Education Center?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
We may charge you a technology fee, which includes all amounts you pay us and our affiliates relating to Technology Systems, including amounts paid for proprietary items and amounts we collect from you and remit to suppliers of Third-Party Technology.
The technology fee may change based on changes to Technology Systems or prices charged by third parties with whom we enter into master agreements.
The technology fee may include a reasonable administrative fee for the time, money and resources we invest to administer the technology platform and associated components, negotiate and manage contracts with third-party licensors, and collect and remit technology fees owed to third-party licensors on behalf of franchisees under master license arrangements.
The technology fee does not include amounts you pay directly to third-party suppliers.
The technology fee is due 10 days after invoicing or as we otherwise specify.
We list the current technology fee in the Manual.
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Best In Class Education Center FDD, the current technology fee is listed in the Manual. The technology fee covers all amounts paid to Best In Class Education Center and its affiliates related to Technology Systems. This includes proprietary items and amounts collected from franchisees to be remitted to third-party technology suppliers.
The FDD specifies that the technology fee may change due to adjustments in Technology Systems or price changes implemented by third parties with whom Best In Class Education Center has master agreements. The fee may also incorporate a reasonable administrative charge to cover the time, money, and resources that Best In Class Education Center invests in administering the technology platform, managing contracts with third-party licensors, and collecting/remitting fees to these licensors on behalf of franchisees. However, the technology fee does not include amounts franchisees pay directly to third-party suppliers.
For a Best In Class Education Center franchisee, understanding the components of the technology fee is crucial. Franchisees should consult the Manual to ascertain the current fee and inquire about potential future changes. They should also clarify which technology expenses are paid directly to third-party suppliers versus those covered by the technology fee paid to Best In Class Education Center. Being aware of these costs helps in accurate financial planning and assessing the overall profitability of the franchise.