Besides the hourly fee, what other expenses are associated with Cinch I.T.'s on-the-job training?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
such additional persons. The amount of such Fee shall be Fifteen Thousand Dollars ($15,000.00) per person, per module, which shall be paid prior to the commencement of training. This Training Fee is subject to change with or without notice by Us.
- (d) We also maintain an on-site training and coaching program. If requested by You, and if personnel are available and We deem it appropriate, a member of Our staff will provide on-thejob training at the Franchised Business. We reserve the right to charge a fee for such training in the amount of One Hundred Dollars ($100.00) per hour pl
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, if a franchisee requests on-the-job training and Cinch I.T. deems it appropriate and has personnel available, Cinch I.T. will provide on-the-job training at the franchised business location. In addition to the $100 hourly fee, the franchisee is responsible for covering the travel and living expenses for the Cinch I.T. trainer.
This means that a Cinch I.T. franchisee needs to budget not only for the hourly training fee but also for the costs associated with getting the trainer to their location and providing accommodation. These additional costs can vary significantly depending on the distance the trainer needs to travel and the local cost of living.
The FDD specifies that the training fee is subject to change with or without notice by Cinch I.T., so franchisees should confirm the current rates and expense policies before requesting on-site training. Also, any training media that Cinch I.T. develops will be made available to the franchisee at Cinch I.T.'s cost.