How is the Technology Fee amount determined 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 Technology Fee will vary under different circumstances. This fee is incurred for any software licenses used in the ordinary course of business. The due date for the Technology Fee is as incurred.
For a prospective Bevaris Alliance franchisee, this means the amount they pay for the Technology Fee can fluctuate depending on the software licenses they need to operate their franchise. It is important to note that the FDD does not specify the factors that determine how the Technology Fee varies, meaning the franchisee may not have a clear understanding of how their software usage translates into actual costs.
Given this lack of clarity, it would be prudent for potential Bevaris Alliance franchisees to seek further clarification from the franchisor regarding the Technology Fee. Specifically, they should inquire about the types of software licenses that typically incur this fee, the average cost franchisees pay, and whether there are any options for reducing these costs. Understanding these details will help franchisees budget accurately and manage their expenses effectively.