Which items in the Crawlspace Medic Franchise Disclosure Document cover the franchisee's fee obligations?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Obligation | Section or Article in Franchise Agreement | Section or Article in Multi-Unit Development Agreement | Item in Franchise Disclosure Document |
|---|---|---|---|
| a. Site Selection and | 8.1 | Not Applicable | 11 |
| Acquisition | |||
| b. Pre-Opening | 8.3, 12.1.1, | Not Applicable | 7, 11 |
| Purchase/Leases | 12.3.1 | ||
| c. Site Development & other Pre-Opening Requirements | 8.2, 8.3, 12.1.1, 12.1.3 | Article 5 | 11 |
| d. Initial and Ongoing | Article 7 | Not Applicable | 11 |
| Training | |||
| e. Opening | 8.2.3, 8.3 | Not Applicable | 11 |
| f. Fees | 5.1, 5.2.7, Article 6, 12.3.7, 12.6, 15.6, 16.4, 18.1.4, 18.1.5, 19.1.5 | Article 4 | 5, 6, 7 |
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 21–22)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, including where to find more detailed information about fees. Specifically, the table within Item 9 indicates that information regarding fees can be found in Items 5, 6, and 7 of the Franchise Disclosure Document. These items likely detail the initial franchise fee, ongoing royalties, advertising fees, and other potential costs a franchisee may incur.
This is a standard practice in franchise disclosure, as Item 9 serves as a roadmap to help potential franchisees navigate the document and understand their responsibilities. By referencing Items 5, 6, and 7, Crawlspace Medic directs franchisees to the specific sections that break down the financial commitments required under the franchise agreement.
Prospective Crawlspace Medic franchisees should carefully review Items 5, 6, and 7 to fully understand the fees they will be obligated to pay throughout the term of the franchise agreement. Understanding these fee obligations is crucial for assessing the overall financial viability of the franchise opportunity.