What is the estimated range for Travel for Initial Training for a Cordova franchise?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | When Due | To Whom Payment is Made | |
|---|---|---|---|---|
| Travel for Initial Training | $2,500 – $12,500 | As arranged | As incurred | Airlines, hotels, |
| (Note 11) | restaurants |
Note 11: Travel for Initial Training – You must complete our pre-opening training program before opening your Cordova Business. We do not charge a fee for our pre-opening initial training. This estimate is for estimated travel and lodging expenses that you will incur to attend our pre-opening initial training program.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the estimated cost for travel for initial training ranges from $2,500 to $12,500. This estimate covers the expenses a franchisee will likely incur for travel and lodging while attending Cordova's pre-opening initial training program. Cordova does not charge a fee for the training itself.
This means a prospective Cordova franchisee should budget between $2,500 and $12,500 for expenses like airfare, hotel accommodations, and meals during the training period. The actual amount will depend on factors such as the distance to the training location, the duration of the training, and the franchisee's personal spending habits.
It is important to note that these figures are estimates, and the franchisee's actual expenses may vary. Franchisees should consider these costs when evaluating the overall financial investment required to start a Cordova franchise. It would be prudent to confirm the location and duration of the training program with Cordova to refine this estimate based on specific travel requirements.