factual

When is the Customer Feedback Program fee due for a Crawlspace Medic franchise?

Crawlspace_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

Type of Fee 1 Amount Due Date Remarks
Insurance Amount paid by us for your insurance obligations As incurred You must reimburse us for any insurance costs and other fees we incur due to your failure to meet the insurance obligations required by the Franchise Agreement.
Taxes Amount of taxes When incurred You must reimburse us for any taxes that we must pay to any taxing authority on account of either the operation of your Franchised Business or payments that you make to us, including, but not limited to any sales taxes or income taxes imposed by any authority.
Customer Feedback Program Your Share of Our Then Current Fee When incurred If and when we establish a customer feedback program, you will be responsible for your share of costs associated with the program.

Source: Item 6 — OTHER FEES (FDD pages 10–16)

What This Means (2024 FDD)

According to the 2024 Crawlspace Medic Franchise Disclosure Document, if Crawlspace Medic establishes a customer feedback program, franchisees will be responsible for their share of the costs associated with the program. The Customer Feedback Program fee is due 'When incurred'. The amount of the fee will be 'Your Share of Our Then Current Fee'.

This means that if Crawlspace Medic implements a customer feedback initiative, franchisees will have to pay a portion of the costs. The exact amount each franchisee owes will depend on the specific fee structure in place at that time.

Franchisees should be prepared to budget for this potential expense if and when Crawlspace Medic decides to roll out such a program. It is important to note that the fee is only due if and when the program is established, providing some level of uncertainty for prospective franchisees.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.