What is the estimated duration of the Crisp Academy training program in Minnesota?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
There is no separate fee payable to us in connection with Crisp Academy, our initial training program, for up to four people.
You will be responsible for making arrangements for travel, accommodations, and meals for your personnel attending Crisp Academy, and you will be responsible for making payments directly to third party providers.
The estimate contemplates local accommodations and meals for four people during three weeks of Crisp Academy in Minnesota.
The low end of the estimate assumes that you and the individuals attending training reside within driving distance of the training location, and the high end assumes travel will be needed, although expenses may vary significantly depending upon factors such as the distance traveled and mode of transportation.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 22–26)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the Crisp Academy initial training program in Minnesota is estimated to last for three weeks. While there is no separate fee for up to four people to attend the training, franchisees are responsible for covering the costs of travel, accommodations, and meals for their personnel during this period. The FDD includes an estimated cost for these travel and living expenses, ranging from $2,500 to $7,500, depending on the distance traveled and mode of transportation.
The lower end of the estimate assumes that the franchisee and their team reside within driving distance of the training location, which would minimize travel and accommodation expenses. Conversely, the higher end of the estimate accounts for situations where travel is necessary, potentially involving airfare and hotel stays. These costs can vary significantly based on factors such as the distance traveled and the chosen mode of transportation.
Prospective franchisees should factor these costs into their initial investment calculations, keeping in mind that the actual expenses may differ based on their specific circumstances. It is advisable to research accommodation and travel options in advance to get a more accurate estimate of the potential costs associated with attending Crisp Academy.