Is attendance at Chem Dry conventions required, and if so, how many must I attend?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| domain for a five-year term1 | |||
| Training | Then current fee which is presently $175 - $5001 | At registration to attend a training event or upon receipt of training material | Fees and costs associated with meeting annual training requirements, additional training, regional workshops, or special events. We may change these fees and costs during the term of the Franchise Agreement. Does not include lodging, food or travel. |
| Initial Training Fee - for additional attendees and transferees | Then current fee which is presently $75 per day per attendee1 | Prior to attending Initial Training | The Initial Package includes the cost for two people to participate in this New Buyer Training. Additional attendees and transferees purchasing existing franchises will pay this fee for Initial Training. Does not include lodging, food or travel. |
| Convention Fee | Then current fee which is presently $749 per person | Prior to convention | Registration for up to two people to attend the first Chem-Dry convention immediately following completion of Initial and New Buyer Training is included in the Initial Package for first-time buyers; you will be responsible for your travel and lodging expenses. For existing franchisees, the Convention Fee can vary depending on when you register. You will be responsible for all lodging, travel and other expenses. You will be required to attend at least two conventions |
| Name of Fee | Amount | Due Date | Remarks |
| ------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Fine for Failure to Comply with National Convention Attendance Requirement | Then current fee which is presently $2,500 per incident1 | As incurred | Payable if you fail to comply with your requirements to attend at least one convention every three years. |
Source: Item 6 — OTHER FEES (FDD pages 19–26)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, attendance at conventions is required. Specifically, franchisees must attend at least two conventions. The registration fee for the Chem Dry convention is currently $749 per person. For new franchisees, registration for up to two people to attend the first Chem Dry convention immediately following completion of Initial and New Buyer Training is included in the Initial Package. However, new franchisees are responsible for their own travel and lodging expenses. Existing franchisees are responsible for all lodging, travel, and other expenses.
Chem Dry franchisees who fail to comply with the national convention attendance requirement will be assessed a fine. The current fine for failure to comply with national convention attendance is $2,500 per incident.
Therefore, it is important for prospective Chem Dry franchisees to factor in the cost of convention attendance, including registration fees, travel, and lodging, when evaluating the financial feasibility of the franchise. Failing to attend the required number of conventions can result in significant financial penalties.