How many conventions are Chem Dry franchisees required to attend during the term of the Franchise Agreement?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
or termination of the Franchise Agreement. (See Section 3.B. of the Franchise Agreement). You must attend at least two conventions during the term of this Agreement with at least one convention attendance during the first three years of your Franchise Agreement. We anticipate the convention will cost up to $1,000 per person,
depending on the event you choose. You are required to pay all travel, lodging and living expenses incurred in connection with the convention.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 37–45)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, franchisees must attend a minimum of two conventions during the term of the Franchise Agreement. The FDD stipulates that at least one convention must be attended within the first three years of the agreement.
The estimated cost to attend a Chem-Dry convention is up to $1,000 per person, but this figure can vary depending on the specific event chosen by the franchisee. In addition to the registration or attendance fees, franchisees are responsible for covering all travel, lodging, and living expenses associated with attending the convention.
Failure to meet the convention attendance requirement can result in significant financial penalties. Chem-Dry may impose a fine of up to $2,500 for non-compliance, or even terminate the Franchise Agreement. This underscores the importance of budgeting for and prioritizing convention attendance as part of the overall franchise operation.