How is the Crawlspace Medic technology fee calculated?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
- 12.3.7. Franchisee shall pay all fees and expenses for technology required by this Agreement, including but not limited to, the costs of computer hardware and software, regularly recurring fees for software and Internet access, license fees, help desk fees, licensing or user-based fees for a franchise portal or a benchmarking platform. Currently this fee is 0.5% of Gross Revenue per unit per month.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, franchisees must pay technology fees. Currently, this technology fee is calculated as 0.5% of the Gross Revenue per unit per month.
This means that each month, a Crawlspace Medic franchisee will pay 0.5% of their total revenue from that unit to Crawlspace Medic for technology-related expenses. Gross Revenue typically includes all revenue generated by the franchise location before any deductions for expenses.
It is important for prospective franchisees to understand that this fee is subject to change. Crawlspace Medic may modify the technology they require franchisees to use, which could impact the cost. The franchisee is also responsible for maintaining adequate hardware and software to access the internet at the speed required by Crawlspace Medic.