Is there a charge for Remedial Training offered by Cinch I.T.?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
r our then-current rate. You are responsible for all travel and living expenses related to this training. If you fail to meet our Minimum Performance Standards, you must participate in our Performance Improvement Plan for 3 months which provides remedial training. You will pay us $100 per hour or our then-current rate. You are responsible for all travel and living expenses related to this training.
We may periodically conduct mandatory or optional training programs for you and/or your employees at our headquarters or another location that we designate. Except for Remedial Training, there will be no charge for training programs that we requi
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 28–39)
What This Means (2024 FDD)
According to the 2024 Cinch I.T. Franchise Disclosure Document, franchisees are charged for remedial training in certain situations. If a franchisee fails to meet the Minimum Performance Standards, they must participate in a Performance Improvement Plan for 3 months, which includes remedial training.
The FDD specifies that Cinch I.T. will charge $100 per hour, or their then-current rate, for this remedial training. In addition to the hourly fee, the franchisee is responsible for covering all travel and living expenses associated with the training.
However, the FDD also states that, generally, there is no charge for mandatory training programs that Cinch I.T. requires franchisees or their employees to attend, except for Remedial Training. This suggests that while some training programs are included, remedial training is a specific exception where fees apply. A prospective franchisee should factor in these potential costs when evaluating the Cinch I.T. franchise opportunity.