How are the fees for Burros Fries quarterly meetings or annual conventions determined?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
ections 10.F, 12.I, 12.Q and 20.A).
- (3) Provide to you and your manager(s), refresher and/or continuing education meetings at locations designated by us, which we expect to be our headquarters with a fee of $300 per person per ½ day plus our expenses, which can vary from area to area. We reserve the right to increase the per day fee a reasonable amount based on reasonable criteria (Franchise Agreement, Section 20.A).
- (4) Conduct quarterly meetings or an annual convention at such place as shall be designated by us, at our current fees which can change based on our cost (Franchise Agreement, Section 20.A).
- (5) Establish a franchise elected peer group whose main purpose is to mentor and support each other.
- (6) Provide an intranet system, free of charge, to answer questions from you or your staff (during regular business hours, Pacific Time Zone). In addition, you will be able to send us questions and suggestions using Internet email (Franchise Agreement, Sections 20.A).
During your operation of the Business we will:
- (1) Continue to consult with you at no additional charge regarding policies, approved products, menu and retail items, supplies, food preparation and presentation, kitchen equipment, vendor and supplier relationships, industry developments, sales, advertising, marketing and promotion strategies as well as provide assistance to you to resolve operational problems that you may encounter outside the scope of the Operations Manual (Franchise Agreement, Section 12.V and 20.A).
- (2) Provide you with updated and written lists of approved products, menu items, retail items, supplies, kitchen equipment, services (as described in Item 8) that you are authorized to use, offer and sell in your Business.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 27–38)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, the fees for quarterly meetings and the annual convention are based on the franchisor's current costs, which are subject to change. The document states that Burros Fries will conduct quarterly meetings or an annual convention at a location they designate, with fees that can change based on their costs.
Specifically, the FDD mentions that refresher or continuing education, other than by phone, webinars, or video, may have a registration charge that will not exceed $300 per person per ½ day. The registration fee for conferences will not exceed $1,000 per person. These fees may be increased based on the increase of actual costs incurred by Burros Fries. Franchisees are also responsible for costs associated with attending these programs, such as travel, room, and board.
This means that while Burros Fries aims to keep the registration fees at their cost, franchisees should be prepared for potential increases if the franchisor's expenses rise. Additionally, franchisees need to factor in their own travel and accommodation expenses when budgeting for these meetings and conventions. It is important to note that the location of these meetings is most likely at Burros Fries's headquarters.