factual

As of the date of the agreement, what is the per-day training fee for Chocolate Fish Coffee?

Chocolate_Fish_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

und Contribution") equal to 1% of Franchisee's Gross Sales (or such lesser amount as Chocolate Fish Franchising determines), at the same time as the Royalty Fee.

  • 4.4 Replacement / Additional Training Fee. If Franchisee sends an employee to Choc

Source: Item 23 — RECEIPTS (FDD pages 41–119)

What This Means (2024 FDD)

According to the 2024 Franchise Disclosure Document, Chocolate Fish Coffee may charge a training fee if a franchisee sends an employee to the training program after the store opening. As of the date of the Franchise Agreement, this training fee is $350 per day.

This fee covers the cost of additional or replacement training that the franchisee might need beyond the initial training provided to the Principal Executive and one other team member before the store opens. The initial pre-opening training for these individuals is provided without charge, although the franchisee is responsible for their own travel, lodging, meals, and other out-of-pocket expenses.

It's important for prospective Chocolate Fish Coffee franchisees to factor this potential cost into their operating budget, especially if they anticipate needing to train additional staff or replace employees who have already been trained. This fee is separate from other fees detailed in the FDD, such as the initial franchise fee, royalty fees, and marketing contributions.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.