Will Care Plus Medical Ucc provide recommended procedures for bookkeeping?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
- E. Establishing and using administrative, bookkeeping, accounting, and inventory control procedures. We will provide you our recommended procedures for administration, bookkeeping, accounting, and inventory control (Section 5.5). We may make any such procedures part of required (and not merely recommended) procedures for our system.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–28)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, Care Plus Medical Ucc will provide franchisees with recommended procedures for administration, bookkeeping, accounting, and inventory control. These procedures are initially recommended, but Care Plus Medical Ucc retains the right to make them mandatory for the franchise system at a later date.
This support is part of Care Plus Medical Ucc's post-opening obligations to assist franchisees in establishing and operating their businesses. The FDD also mentions that Care Plus Medical Ucc requires franchisees to buy (or lease) and use a point-of-sale system and computer system, including an accounting platform such as Quickbooks, which will generate or store data such as accounting information. The estimated cost for these systems is between $2,000 and $6,000 to purchase, with annual costs of $3,000 to $4,000 for maintenance, updates, or support contracts.
For a prospective franchisee, this means Care Plus Medical Ucc offers support in setting up essential business processes. However, franchisees should be prepared for potential changes, as Care Plus Medical Ucc can mandate these procedures. The initial investment for the required point-of-sale and accounting systems, along with ongoing maintenance costs, should be factored into the franchisee's financial planning. It is important to note that franchisees must also grant Care Plus Medical Ucc independent access to the data generated and stored in these systems, including sales and customer data.