When must the fee for on-the-job training be paid to Cinch I.T.?
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 if Cinch I.T. deems it appropriate and has personnel available, a staff member will provide the training at the franchised business location. Cinch I.T. reserves the right to charge a fee of $100 per hour for this training, in addition to travel and living expenses for the trainer.
The franchisee is required to pay this fee prior to the commencement of the on-the-job training. This fee is subject to change by Cinch I.T. with or without notice.
This means a prospective Cinch I.T. franchisee needs to budget not only for the hourly training fee but also for potential travel and living expenses incurred by the trainer. Since the fee is subject to change without notice, it would be prudent for a franchisee to confirm the current fee schedule with Cinch I.T. before scheduling on-the-job training.