Under what conditions can Crawlspace Medic increase the Tech/Internal Systems Fee?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
- 6.6 Tech/Internal Systems Fee. Franchisor reserves the right to impose an internal systems fee upon Franchisee, currently one half percent (.5%) of gross revenue per week, for the development, adoption and/or use of new or improved internal systems technology for the benefit of the System and Franchised Business, including but not limited to, assigned phone numbers and email addresses required for use in the Franchised Business, a franchise portal, benchmarking platform or other operations or communications systems ("Internal Systems Fee"). In Franchisor's sole discretion, Franchisor may (i) increase the am
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, Crawlspace Medic reserves the right to impose an internal systems fee upon franchisees. This fee is currently 0.5% of gross revenue per week. This fee is for the development, adoption, and/or use of new or improved internal systems technology that benefits the Crawlspace Medic system and the franchisee's business. These systems include assigned phone numbers and email addresses, a franchise portal, a benchmarking platform, and other operations or communications systems.
Crawlspace Medic retains the sole discretion to increase the amount of this Internal Systems Fee. The FDD does not specify any limitations or conditions that would restrict Crawlspace Medic's ability to raise this fee.
As a prospective franchisee, it is important to recognize that Crawlspace Medic has the authority to change this fee. You should consider this when evaluating the potential costs and profitability of a Crawlspace Medic franchise. It would be prudent to discuss with Crawlspace Medic what factors might influence future adjustments to the Internal Systems Fee and whether there are any caps or limitations on potential increases.