What is the suggested cost per day for Convention fees 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, franchisees can expect to pay convention fees. While there is no attendance fee, franchisees are responsible for travel fees and out-of-pocket expenses. The FDD suggests that these costs could be up to $500 per day.
This means that if a franchisee attends a convention, they should budget for potential daily expenses. These expenses are "as incurred," meaning they will vary depending on the franchisee's choices regarding travel and accommodation.
It is important to note that the $500 per day is a suggested cost, not a mandatory fee. Franchisees may be able to spend less if they find cheaper travel or accommodation options. However, they should be prepared to spend up to this amount if necessary. Franchisees should factor in these potential costs when assessing the overall financial investment required to operate a Bevaris Alliance franchise.