When is the BestREV fee due for a Bw Premier Collection franchise?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| BestREV | Cost recovery set-up fee plus $175 per month for licensing, support and maintenance. | Due and payable monthly upon statement receipt. | Payable for use of demand forecasting and rate optimization software subscription program. |
Source: Item 6 — Other Fees (FDD pages 19–26)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the BestREV fee, which includes a cost recovery set-up fee and a monthly charge of $175 for licensing, support, and maintenance, is due monthly upon statement receipt. This fee is associated with the use of demand forecasting and rate optimization software subscription program.
For a prospective Bw Premier Collection franchisee, this means that in addition to the initial franchise fees and other ongoing royalties, they should budget for this recurring monthly expense. The BestREV fee is not a one-time charge but an ongoing cost for accessing and utilizing the demand forecasting and rate optimization software. It is important to note that the fee covers both the licensing of the software and the support and maintenance provided for it.
It's also worth noting that the FDD specifies that the BestREV fee is payable monthly upon statement receipt, meaning franchisees need to ensure timely payment to avoid any potential penalties or disruptions in service. Understanding the due dates and budgeting for these fees is crucial for managing the financial aspects of operating a Bw Premier Collection franchise. The BestREV program is optional, so a franchisee should evaluate if the benefits of the software outweigh the monthly cost.