What is the per-day cost for replacement/additional training for a Bombs Away franchise as of the date of the Franchise Agreement?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
ranchisee shall contribute to the Market Cooperative a percentage of Gross Sales (or other amount) determined by the Market Cooperative.
- 4.4 Replacement / Additional Training Fee. If Franchisee sends an employee to Bombs Away Franchising's training program after op
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, if a franchisee sends an employee to Bombs Away's training program after the franchise opens, Bombs Away may charge its then-current training fee. As of the date of the Franchise Agreement, this training fee is $350 per day.
This means that franchisees need to budget for ongoing training expenses if they want to send employees for additional training after the initial setup. The cost can accumulate quickly depending on the length of the training program and the number of employees requiring training.
Franchisees should consider this ongoing training fee when planning their operational budget. It's important to note that the $350 per day fee is current as of the date of the Franchise Agreement, but Bombs Away retains the right to change this fee in the future. Therefore, prospective franchisees should inquire about the potential for future increases in training costs.