What is the maximum amount the Franchise Portal Fee can be before Bevaris Alliance must notify the franchisee?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
good or excellent.
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- Should the Franchise Portal Fee be set in an amount to exceed $250 per month, Franchisor shall notify Franchisee of such
Source: Item 6 — OTHER FEES (FDD pages 8–10)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the franchisor must notify the franchisee if the Franchise Portal Fee exceeds $250 per month. This fee is incurred as needed and is specifically for the Franchise Portal.
For a prospective Bevaris Alliance franchisee, this means that the Franchise Portal Fee will typically be $250 or less per month. Should Bevaris Alliance decide to increase this fee beyond $250, they are obligated to provide written notification to the franchisee. This notification allows the franchisee to be aware of and prepared for the increased expense.
This notification requirement ensures transparency and provides franchisees with an opportunity to understand the reasons behind the fee increase. It is a protective measure that allows franchisees to adjust their budgets and business strategies accordingly, preventing unexpected financial burdens. Franchisees should pay close attention to any such notifications to effectively manage their operational costs.