What is the monthly Digital Marketing Services Fee for a Crawlspace Medic franchise?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee 1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Digital Marketing Services Fee | $750 | Monthly, at the same time and in the same manner as the first Continuing Royalty Fee and Brand Development Fund Contribution due for the month. | Payable to us |
Source: Item 6 — OTHER FEES (FDD pages 10–16)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, franchisees must pay a monthly Digital Marketing Services Fee of $750. This fee is due at the same time and in the same manner as the first Continuing Royalty Fee and Brand Development Fund Contribution for the month. The Digital Marketing Services Fee is payable directly to Crawlspace Medic.
This fee is in addition to other fees such as the Continuing Royalty Fee, Brand Development Fund Contribution, and Technology Fee, which are calculated as a percentage of gross revenues. Franchisees are also required to spend a minimum of $5,000 per quarter on local advertising, marketing, and promotional programs, which are separate from the Digital Marketing Services Fee.
Prospective franchisees should consider this monthly fee as part of their ongoing operating expenses. It's important to factor this cost into their financial projections and business plan. Additionally, franchisees should ensure they understand the specific services covered by this fee and how it contributes to the overall marketing strategy of their Crawlspace Medic franchise.