To whom are the Helpdesk Client Managed Services Fees payable for a Cinch I.T. franchise?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
onths 25-60 | $1,000 |
| TYPE OF FEE1 | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| exclusive supplier for certain products. Frequency of purchase is based on Client demand. | |||
| Helpdesk Client Managed Services Fees | Monthly Fees range between $5 and $90 based on service provided, number of users and equipment supported. | 15th day of each month or other day of the month we periodically designate by EFT | Payable to us or our designee, Cinch HD. We reserve the right to adj |
Source: Item 6 — OTHER FEES (FDD pages 14–20)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, the Helpdesk Client Managed Services Fees are payable to Cinch I.T. or their designee, specifically named as Cinch HD. These fees are distinct from royalty fees or marketing fund fees, and are intended to cover the costs associated with providing helpdesk and managed services to clients.
The amount of these fees varies, ranging from $5 to $90 monthly, depending on the level of service provided, the number of users supported, and the equipment covered. The fees are due on the 15th of each month, or another date that Cinch I.T. may periodically designate. Payment is to be made via Electronic Funds Transfer (EFT).
Cinch I.T. retains the right to adjust these fees, providing 90 days' written notice to franchisees. This adjustment may occur due to changes in circumstances, such as increased costs from vendors or third parties. This flexibility allows Cinch I.T. to respond to market conditions and maintain the quality of services provided, but it also introduces a degree of uncertainty for franchisees, who should factor potential fee adjustments into their financial planning.