Who pays for the training programs required for the transferee of a Cordova franchise?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
- (10) At the transferee's expense, the transferee, and the transferee's Managing Owner, managers and/or any other applicable employees of transferee's Cordova Business must complete any training programs then in effect for franchisees of Cordova Businesses upon terms and conditions set forth in this Agreement or as Franchisor otherwise reasonably requires;
Source: Item 23 — RECEIPTS (FDD pages 44–195)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the transferee is responsible for covering the expenses associated with the training programs. Specifically, the transferee, along with their Managing Owner, managers, and other relevant employees, must complete any training programs that Cordova requires for its franchisees.
This means that a prospective Cordova franchisee who is purchasing an existing franchise will need to factor in the costs of training into their budget. These costs can include fees for the training program itself, as well as any travel, lodging, and other expenses incurred by the transferee and their personnel while attending the training.
It is important for potential franchisees to discuss these training requirements and associated costs with Cordova to fully understand the financial implications before completing the transfer. This will help ensure a smooth transition and avoid any unexpected expenses.