What is the cost recovery set-up fee for BestREV for Bw Premier Collection?
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 program involves a cost recovery set-up fee in addition to a monthly charge of $175 for licensing, support, and maintenance. This fee is payable monthly upon receipt of the statement.
The BestREV program provides demand forecasting and rate optimization software to Bw Premier Collection franchisees. The 'cost recovery set-up fee' suggests that the initial fee is designed to reimburse Bw Premier Collection for its expenses in setting up the franchisee with the BestREV system. The exact amount of this cost recovery fee is not specified in the FDD, but it is in addition to the recurring monthly fee.
Prospective Bw Premier Collection franchisees should inquire with the franchisor about the specific amount of the BestREV cost recovery set-up fee to fully understand the initial investment required for this program. Understanding the full costs associated with optional programs like BestREV is crucial for accurate financial planning.