What is the estimated range for pre-opening travel and training expenses for a Crawlspace Medic franchise?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Pre-opening Travel and Training Expense10 | $5,000 to $10,000 | As incurred | Before opening | Airline, hotel, restaurants |
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- This estimate is for the cost for you or your Operating Principal (defined as the managing shareholder, member or partner of Franchisee if Franchisee is an entity), plus up to two other individuals to attend the initial training program held at our corporate office in Columbia, South Carolina.
We do not charge tuition for training up to three people, but you will be responsible for all costs associated with attending the initial training program for you and your staff.
Your costs will depend on the number of people attending training, their point of origin, method of travel, class of accommodation and living expenses (food, transportation, etc.).
The duration of the training program is approximately four weeks for you or your operating principal and approximately two weeks for your field technicians.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–20)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the estimated pre-opening travel and training expenses range from $5,000 to $10,000. This cost covers the expenses for the franchisee or their Operating Principal, plus up to two additional individuals, to attend the initial training program at Crawlspace Medic's corporate office in Columbia, South Carolina. These expenses are due before opening and are paid to airlines, hotels, and restaurants.
Crawlspace Medic does not charge tuition for the initial training of up to three people. However, franchisees are responsible for covering all costs associated with attending the training program for themselves and their staff. These costs include travel, accommodation, food, and local transportation. The actual amount will vary based on the number of attendees, their origin, travel method, accommodation class, and living expenses.
The initial training program lasts approximately four weeks for the franchisee or operating principal and about two weeks for field technicians. It is important for prospective franchisees to factor in these costs when planning their initial investment, as these expenses can vary significantly based on individual choices and circumstances. Crawlspace Medic recommends that franchisees develop their own business plan and budget, investigating specific costs in their area to better estimate these expenses.