What was the total amount of technology fees earned by Bigfoot Forestry in 2024?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
We may charge you a technology fee, which includes all amounts you pay us and our affiliates relating to Technology Systems, including amounts paid for proprietary items and amounts we collect from you and remit to suppliers of Third-Party Technology.
The technology fee may change based on changes to Technology Systems or prices charged by third parties with whom we enter into master agreements.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the total amount of technology fees earned by Bigfoot Forestry in 2024 is not specified. However, Item 23 discusses technology fees, stating that franchisees are responsible for all fees, costs, and expenses related to acquiring, licensing, utilizing, updating, and upgrading Technology Systems.
Bigfoot Forestry may develop proprietary Technology Systems and charge franchisees commercially reasonable licensing, support, and maintenance fees. They may also enter into master agreements with licensors of Third-Party Technology and charge franchisees for amounts they pay them based on their use of the technology. The technology fee may change based on changes to Technology Systems or prices charged by third parties with whom they enter into master agreements.
Prospective franchisees should inquire with Bigfoot Forestry about the specific technology fees charged to franchisees, how these fees are calculated, and how they have changed over the past few years. This information will help potential franchisees understand the ongoing costs associated with technology and how they might impact their profitability. Understanding the components of the technology fee, such as proprietary systems versus third-party software, is also crucial for budgeting and financial planning.