Can Burros Fries increase the annual conference registration fee, and if so, under what conditions?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
fee. All traveling, food, accommodations and other expenses incurred by the Franchisee or Franchisee's representatives or employees attending additional training shall be paid by Franchisee.
- ii. We may conduct an annual conference at such place as shall be designated by it for all Franchisees but initially will most likely be our headquarters. A registration fee for each participant may be required not to exceed one thousand dollars ($1,000) per person and its expenses and Franchisee will be responsible for co
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, Burros Fries may conduct an annual conference for all franchisees, potentially held at their headquarters. A registration fee may be required for each participant, initially not exceeding $1,000 per person. Franchisees are also responsible for covering their own travel, food, accommodations, and other related expenses to attend the conference.
Burros Fries retains the right to increase the annual conference registration fee by a reasonable amount, based on reasonable criteria. The FDD does not define what constitutes 'reasonable criteria'.
As a prospective franchisee, it would be prudent to discuss with Burros Fries what specific criteria would justify an increase in the conference registration fee. Understanding these potential cost fluctuations is essential for accurate financial planning.