What is the cost for Cinch I.T. to make training media available to franchisees?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
ection 13)
Post-Opening Assistance
During the operation of your business, we will:
- a) Continue to provide access to one electronic copy of our confidential Operations Manual, and furnish you with any and all updates and other Manuals and training aids that are developed in the future. Any training media we develop will be made available to you at our cost. (Franchise Agreement - Sections 9 and 13)
- b) Provide access to our CINCH I.T. proprietary intranet and software needed to run your Franchised Business. (Franchise Agreement - Section 9)
- c) Provide you and your clients with Help Desk client managed services through our affiliate.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 28–39)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, any training media that Cinch I.T. develops will be made available to franchisees at Cinch I.T.'s cost. This means that franchisees will not be directly charged for the creation or development of these training materials. However, franchisees are responsible for covering their own travel costs and other expenses incurred when attending any training programs, including those where the training media is utilized.
This arrangement could be beneficial for franchisees as it reduces the upfront costs associated with accessing training resources. Instead of paying a fee for the training media itself, franchisees only need to budget for their travel and related expenses to attend the training sessions. This can make it more affordable for franchisees to stay updated on the latest techniques and best practices within the Cinch I.T. system.
It's important to note that while the training media is provided at Cinch I.T.'s cost, franchisees may still incur expenses related to optional training programs. The FDD states that Cinch I.T. may charge for optional training programs, so franchisees should clarify whether a particular training program is mandatory or optional and understand any associated costs before participating. Additionally, franchisees should be aware that they are responsible for the travel costs and other expenses incurred to attend training programs for themselves and anyone attending with them.