What are the collections procedures for Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| PROSPECT MANAGEMENT 33 | FINANCIAL MANAGEMENT 29 | |
|---|---|---|
| The Importance of Leads ◄ 33 | Basic Principles of Accounting ◄ 29 | |
| Follow-Up Procedures ◄ 33 | Record Retention ◄ 33 | |
| Tracking Leads/Advertising Effectiveness ◄ 33 | FRANCHISE REPORTING REQUIREMENTS 34 | |
| LOOKING FOR REFERRAL BUSINESS OPPORTUNITIES 34 | Required Reports ◄ 34 Marketing Contributions ◄ 34 | |
| SECTION E: OFFICE PROCEDURES (45 PAGES) | MAINTAINING THE FACILITY 36 | |
| HOURS OF OPERATION 1 | MAINTAINING VEHICLES 38 | |
| DAILY PROCEDURES 2 | Maintenance Schedule ◄ 38 | |
| Office Personnel ◄ 2 | SAFETY & SECURITY 40 | |
| Market Director ◄ 3 | Safety Rules ◄ 40 | |
| CUSTOMER SERVICE PROCEDURES 4 | Monthly Safety Training ◄ 41 | |
| Customer Service Philosophy ◄ 4 | OSHA Compliance & Requirements ◄ 42 | |
| Customer Service Commitment Standards ◄ 5 | Accident Reporting & Investigation ◄ 43 | |
| Quality Customer Service Development ◄ 6 | Workers' Compensation Issues ◄ 44 | |
| Handling Client Complaints ◄ 7 | Fire Safety ◄ 44 | |
| Client Feedback / Net Promoter Score (NPS®) ◄ 8 | ||
| Crawlspace Medic Warranty Program ◄ 9 | SECTION F: SERVICE PROCEDURES (37 | |
| MANAGING PERSONNEL 11 | PAGES) | |
| Motivating Team Members ◄ 11 | CUSTOMER SERVICE GUIDELINES 1 | |
| JOB FOLDER SYSTEM 13 | Customer Service Best Practices ◄ 1 | |
| USE OF THE SOFTWARE SYSTEM 15 | Damage to Client Property ◄ 3 | |
| SCHEDULING 16 | PRE-INSTALLATION STEPS 4 | |
| RECEIVING SERVICE & REPAIR CALLS 18 | Reviewing the Job ◄ 4 | |
| Handling Service Calls ◄ 18 | Preparing the Vehicle for Installation Jobs ◄ 5 | |
| Determining Nature of Service or Repair ◄ 19 | Required Tools & Equipment for | |
| Performing Necessary Repairs ◄ 19 | Installation Jobs ◄ 5 | |
| Communicating Repairs to the Client ◄ 19 | Pre-Installation Steps ◄ 5 | |
| PERMITTING PROCESS 20 | ONSITE PROCEDURES 7 | |
| INVOICING & JOB FILE CLOSEOUT PROCEDURES 21 | Arriving at the Client's House ◄ 7 | |
| Job File Closeo |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, the franchise operations manual includes a section on "Collections." This indicates that Crawlspace Medic has established procedures for franchisees to follow when collecting payments from customers.
While the FDD mentions that collections procedures exist, it does not provide specific details about what these procedures entail. A prospective franchisee would need to consult the Crawlspace Medic Franchise Operations Manual to understand the exact steps and guidelines for handling collections.
Understanding these procedures is crucial for maintaining healthy cash flow and managing accounts receivable. Franchisees should inquire about the specifics of these procedures, including the use of third-party collection agencies, the handling of delinquent accounts, and any legal considerations related to debt collection.