When is the New Manager Training fee due for a Chocolate Bash franchise?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty | 6% of your gross sales | Monthly by the 5th day of the following month | See Note 1 and Note 2. |
| Marketing Fund Contribution | 1% of your gross sales | Monthly by the 5th day of the following month | |
| Market Cooperative Contribution | As determined by co-op. Currently, none. | Monthly by the 5th day of the following month | We have the right to establish local or regional advertising cooperatives. There is no maximum on the contribution determined by the co-op. |
| New Manager Training fee | Currently, $15,000 | Prior to attending training | If you send a manager or other employee to our training program after you open, we will charge our then-current t |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the New Manager Training fee is due prior to attending the training program. The current fee for this training is $15,000. This fee is charged if a Chocolate Bash franchisee sends a manager or other employee to the training program after the franchise location has opened.
This means that if a Chocolate Bash franchisee wants to have a manager or employee trained after the initial opening, they must pay $15,000 before that person can attend the training. This is in addition to the initial franchise fee and any other training provided to the franchisee themselves. It is important for prospective franchisees to factor this cost into their budget if they anticipate needing to train additional staff in the future.
Franchisees should also note that the fee listed in the FDD is the 'then-current training fee,' meaning that the $15,000 amount is subject to change. It would be prudent for a prospective Chocolate Bash franchisee to confirm the current New Manager Training fee with the franchisor before signing the franchise agreement to ensure accurate financial planning.