What happens if I do not successfully complete the initial training for Boulder Designs?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
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Note 3. When you sign the franchise agreement, you will also pay us $12,000 for You and your initial manager to attend and complete one level of training (Initial Training) over the course of approximately five business days. See Item 11 for more details on Initial Training. Initial Training amount is fully earned and nonrefundable upon completion of your training. If you do not successfully complete the initial training, we reserve the right to deduct any amount from your Initial Training Fee to cover our expense and the cost of providing the initial training course in addition to you paying us the On-Site Training Cancellation Fee. If you purchase two Boulder Designs franchised business, you will only need to attend the training once so long you have not appointed a new Internal Manager. If you transfer controlling interest to a new owner, and/or you appoint a new Internal Manager, you are subject to additional training costs associated with training such new owners and/or intern
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT SINGLE FRANCHISE (FDD pages 16–19)
What This Means (2025 FDD)
According to Boulder Designs's 2025 Franchise Disclosure Document, if you do not successfully complete the initial training, Boulder Designs reserves the right to deduct an amount from your initial training fee to cover their expenses and the cost of providing the initial training course. In addition to this deduction, you will also be responsible for paying the On-Site Training Cancellation Fee. The initial training fee is $12,000, which is paid when you sign the franchise agreement. This fee covers you and your initial manager to attend and complete one level of training (Initial Training) over approximately five business days. The initial training amount is fully earned and nonrefundable upon completion of your training.
This means that failing to complete the initial training can result in a financial loss for the franchisee. Boulder Designs will not only keep a portion of the $12,000 training fee to cover their costs, but you will also have to pay an additional cancellation fee. This policy incentivizes franchisees to fully engage in and successfully complete the training program. It is important to note that the FDD does not specify the exact amount of the On-Site Training Cancellation Fee, so it is crucial to clarify this amount with Boulder Designs before signing the franchise agreement.
In the event that you purchase two Boulder Designs franchises, you are only required to attend the training once, provided you have not appointed a new Internal Manager. However, if you transfer controlling interest to a new owner or appoint a new Internal Manager, you will be subject to additional training costs associated with training such new owners or internal managers. This highlights the importance of carefully considering staffing and ownership changes, as they can lead to further training expenses.