What is the Third-Party Quality Assurance Audit Fee for a Bevaris Alliance franchise?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
the Term.
Transfer Fee. 50% of the then current initial franchise fee.
Trade Name: the name Bevaris Alliance, under which the Branded Business is carried on.
Third-Party Quality Assurance Audit Program: Franchisor may establish a systemwide Third-Party Quality Assurance Audit Program including audits of all Franchisee Businesses.
Third-Party Quality Assurance Audit Program Fee: the fee established from time to time by Franchisor for implementation and administration of the Third-Party Quality Assurance Audit Program.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees are required to pay a Third-Party Quality Assurance Audit Fee. The FDD states that Bevaris Alliance may establish a systemwide Third-Party Quality Assurance Audit Program that includes audits of all Franchisee Businesses.
The document defines the "Third-Party Quality Assurance Audit Program Fee" as the fee established from time to time by Bevaris Alliance for the implementation and administration of the Third-Party Quality Assurance Audit Program.
However, the 2024 FDD does not specify the exact amount of the Third-Party Quality Assurance Audit Fee. As the fee is determined by Bevaris Alliance periodically, prospective franchisees should inquire directly with the franchisor about the current fee amount, how frequently these audits occur, and what factors might influence changes to the fee over time. Understanding these details is crucial for accurate financial planning.