When are the Convention Fees due for a Bevaris Alliance franchise?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remark s |
|---|---|---|---|
| Third Party | Up to $500 per quarter. | Upon invoice. | |
| Quality Assurance | |||
| Audit Fee | |||
| Technology Fee | Will vary under circumstances | As incurred. | Fee for any software licenses used in the ordinary course of business. |
| Franchise Portal | Up to $250 per month. | As incurred. | Fee for Franchise Portal. |
| Fee | (see Note 6) | ||
| Convention Fee | Travel fees and out of pocket expenses but no attendance fee (suggested cost up to $500 per day). | As incurred. | |
| Indemnity | Will vary under circumstances. | As incurred. | You have to reimburse us if we are held liable for claims arising from your Branded Business’s operations. |
| Noncompliance Fee | A $100.00 fee per occurrence. | As incurred | Fee for noncompliance with the Franchise Agreement clause 7. |
| Product or supplier evaluation fee | No fee. | Upon completion of evaluation. | Due if the product or supplier is not approved. |
| Costs and Attorneys’ Fees | Will vary under circumstances. | As incurred by you. | Payable to your attorney for any legal work done to assist you. |
Source: Item 6 — OTHER FEES (FDD pages 8–10)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the Convention Fee is due as incurred. The Convention Fee covers travel fees and out-of-pocket expenses, with a suggested cost of up to $500 per day, but does not include an attendance fee.
This means that franchisees will need to budget for these expenses as they participate in Bevaris Alliance conventions. The 'as incurred' payment schedule implies that franchisees will pay for these costs around the time they are spent, rather than in advance or on a fixed schedule.
It is important for prospective franchisees to factor in these potential costs when evaluating the overall financial investment required to operate a Bevaris Alliance franchise. While there is no mandatory attendance fee, the travel and out-of-pocket expenses could still represent a significant cost, especially if the franchisee chooses to attend multiple conventions or travels from a distant location.