Is there a set amount for the Audit Fee for a Bevaris Alliance franchise?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 6: OTHER FEES]
| Type of Fee | Amount | Due Date | Remark s |
|---|---|---|---|
| Third Party | Up to $500 per quarter. | Upon invoice. | |
| Quality Assurance | |||
| Audit Fee |
Source: Item 6 — OTHER FEES (FDD pages 8–10)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the Audit Fee does not have a set amount. The FDD mentions an "Audit Fee" and a "Third Party Quality Assurance Audit Fee", but the amount for the Audit Fee is not specified. The Third Party Quality Assurance Audit Fee is listed as up to $500 per quarter.
This means that as a Bevaris Alliance franchisee, you may be subject to an unspecified Audit Fee, in addition to a Third Party Quality Assurance Audit Fee that could cost up to $500 each quarter. It is important to note that these fees are separate and distinct from each other.
Prospective franchisees should seek clarification from Bevaris Alliance regarding the circumstances under which the Audit Fee would be charged, how the amount is determined, and the potential range of costs. Understanding these details is crucial for accurate financial planning and assessing the overall cost of operating a Bevaris Alliance franchise.