Does the Crawlspace Medic initial training estimate include the cost of labor?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
This estimate does not include cost of labor.
-
- 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.
| 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 |
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 initial investment does not include the cost of labor for the initial training program. While Crawlspace Medic does not charge tuition for training up to three people, franchisees are responsible for all costs associated with attending the initial training program for themselves and their staff. These costs depend on the number of people attending, their origin, travel method, accommodation class, and living expenses such as food and transportation.
The FDD provides an estimated range of $5,000 to $10,000 for pre-opening travel and training expenses. This figure covers expenses like airline tickets, hotel stays, and meals for the franchisee and their staff during the training period. The training program lasts approximately four weeks for the franchisee or operating principal and about two weeks for field technicians.
Prospective franchisees should carefully consider these costs when budgeting for their initial investment. It's important to factor in the potential expenses for all staff members who will attend the training, as well as any additional costs that may arise due to specific travel arrangements or accommodation preferences. Contacting current Crawlspace Medic franchisees may provide additional insight into the actual costs incurred during the initial training period.