factual

What does the Testing or Supplier Approval Fee for Crawlspace Medic cover?

Crawlspace_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

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Amount Due Date Remarks
Successor Fee9 Agreement $1,500 Upon signing a then current form franchise agreement The Successor Agreement Fee is paid to us, over and above any Royalties, Brand Fund or any other fees to which we are entitled.
Indemnification10 The amount of any claim, liability or loss we incur from your Franchised Business. As incurred Payable to us.
Reimbursement of Costs and Expenses11 Costs and expenses. As Incurred Payable to us.
Management Fee 10% of Gross Sales in the event we must operate franchise due to death, disability, etc. Plus our expenses Weekly Payable to us.
Post-Termination or Post-Expiration Expenses12 Costs and expenses As incurred Reimbursement of our post termination or post-expiration expenses is paid to us.
Testing or Supplier Approval Fee $500 plus any travel expenses associated with testing or approval Upon request Testing or Supplier Approval fees are paid to us.
Reimbursement of legal fees and expenses Our costs and expenses, including but not limited to attorneys' fees, incurred for your failure to pay amounts when due or failure to comply in any way with the Franchise Agreement. As Incurred 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, the Testing or Supplier Approval Fee covers the cost for Crawlspace Medic to test or approve a supplier. This fee is $500, plus any travel expenses associated with the testing or approval.

This fee is incurred when a franchisee wants to use a supplier or product that is not already approved by Crawlspace Medic. The franchisee must request approval, and if Crawlspace Medic agrees to test or evaluate the proposed supplier or product, the franchisee is responsible for the fee.

The Testing or Supplier Approval Fee is payable to Crawlspace Medic upon request for the testing or approval. This fee, like all fees and expenses described in Item 6 of the FDD, is nonrefundable. This means that even if the supplier or product is not approved, the franchisee will not receive a refund of the fee or associated travel expenses.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.