Can Bor Restoration require attendance at local or regional meetings in the future?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
In addition to the conference, and though we do not now, we have the right in the future to require your Principal Operator, Designated Manager, and you to attend a local or regional meeting up to two times per year. Though none is now charged, we reserve the right to charge tuition in the future. You, however, are always responsible for all travel and living expenses that are associated with attendance at the same. When it is known, you will be provided with the duration of such a meeting, as well as its location, the identities of those who will present information, and a statement of the content to be presented. The meetings will be held in a location to be determined by us.
Source: Item 11 — (FDD pages 22–28)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, attendance at local or regional meetings may be required in the future. Bor Restoration has the right to require the Principal Operator, Designated Manager, and the franchisee to attend local or regional meetings up to two times per year. While tuition is not currently charged for these meetings, Bor Restoration reserves the right to charge tuition in the future.
Even if tuition is not charged, franchisees are always responsible for covering all travel and living expenses associated with attending these meetings. Bor Restoration will determine the location of the meetings and will provide information regarding the duration of the meeting, the presenters, and the content to be presented when this information is available.
If Bor Restoration mandates attendance at these local or regional meetings, it is crucial for prospective franchisees to factor in the potential costs of travel, lodging, and food, as these can impact the overall profitability of the franchise. Additionally, franchisees should inquire about the typical locations and content of these meetings to better prepare for the time commitment and potential expenses involved.