What is the hourly fee charged by Cinch I.T. for on-the-job training at the Franchised Business?
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 the 2024 Cinch I.T. Franchise Disclosure Document, Cinch I.T. may provide on-the-job training at the franchised business if requested by the franchisee, and if personnel are available and Cinch I.T. deems it appropriate. Cinch I.T. reserves the right to charge a fee of $100.00 per hour for this training, plus travel and living expenses for the trainer. This fee is subject to change without notice.
This on-site training and coaching program is an additional service that Cinch I.T. offers to franchisees. It is separate from the initial training program that franchisees and their staff must complete. The hourly fee covers the cost of sending a staff member to the franchisee's location to provide hands-on training.
For a prospective franchisee, this means that if they feel they need additional support beyond the initial training, they can request on-site training from Cinch I.T.. However, this service comes at an additional cost of $100 per hour, plus the trainer's travel and living expenses. Franchisees should factor this potential expense into their budget if they anticipate needing this type of support.
It's important to note that the availability of this on-site training is not guaranteed, as it depends on Cinch I.T.'s personnel availability and their assessment of whether the training is appropriate. Franchisees should inquire about the typical availability of this service and the process for requesting it.