What is the maximum registration fee for each participant at the Burros Fries annual conference?
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, the franchisor may conduct an annual conference for all franchisees, typically held at their headquarters. The registration fee for each participant may be required but will not exceed $1,000 per person. Franchisees are also responsible for covering costs associated with attending the conference, such as travel, food, accommodations, and other expenses.
Burros Fries also retains the right to increase the conference fee by a reasonable amount based on reasonable criteria. This means that while the initial maximum is set at $1,000, this could change in the future.
Prospective franchisees should factor in these potential conference costs when assessing the overall financial commitment of a Burros Fries franchise. It is important to note that attendance policies (mandatory vs. optional) are not specified in this section.