What topics are covered in the additional training and conventions held for Chem-Dry franchisees?

According to Chem-Dry's 2024 Franchise Disclosure Document, the additional training and conventions for franchisees will provide instruction on improvements and developments in several key areas. These include administrative practices, bookkeeping, accounting procedures, pricing strategies, operational issues, and inventory control practices. This suggests Chem-Dry is committed to keeping its franchisees up-to-date on the latest business management techniques and industry best practices.

Chem-Dry requires franchisees to complete at least one in-person training course per calendar year, along with various online or electronic training modules or seminars. The estimated training fees for these annual events range from $175 to $500, depending on the chosen training event. Franchisees are also obligated to attend at least two conventions during the term of their agreement, with at least one convention attendance within the first three years. The anticipated cost for each convention is up to $1,000 per person, depending on the event selected.

It's important to note that franchisees are responsible for covering all travel and living expenses associated with attending any training or conventions. Failure to meet the annual training requirement may result in fines of up to $500 or even termination of the Franchise Agreement. Similarly, failure to fulfill the convention attendance requirement could lead to a fine of up to $2,500 or termination of the agreement. These requirements and potential penalties highlight the importance Chem-Dry places on ongoing training and engagement within its franchise system.