Who is the initial training program for a Bevaris Alliance franchise offered free of charge to?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
States of America.
Cash consists of cash and money market funds which are considered to be cash or cash equivalents.
Deferred Franchise Development Costs. Costs incurred in connection with the development of the franchise concept, offering documents and operations manuals have been deferred. The costs are being amortized using the straight-line method over the 5-year estimated useful life of the asset. Such amortization will begin when franchise sales commence.
Initial franchise fees and royalties. Initial franchise fee is recognized when the obligations required by the franchise agreement has been substantially performed by the Company which is when the franchisee begins operating the franchised business. Initial franchise fees is $5,000 for the first franchise, $3,750 for the second franchise and $2,500 for each franchise thereafter.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the initial franchise fee covers several obligations by Bevaris Alliance, including the provision of initial training. This initial training is provided as part of the services necessary for the franchisee to commence operations.
Specifically, the initial franchise fee for the first franchise is $5,000, for the second franchise it is $3,750, and for each franchise thereafter, it is $2,500. These fees cover site selection, operations manuals, marketing plans, a company-sponsored internet site, initial training, and other services required for the franchisee to start their Bevaris Alliance business.
If additional training is requested by the franchisee or required by Bevaris Alliance, the franchisor may charge a reasonable hourly or daily fee. The franchisee will also be responsible for reimbursing travel, lodging, and meals for such additional training.