What expenses are the franchisee responsible for regarding personnel attending Crisp Academy for a Crisp & Green franchise?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
porate Restaurants.
- (6) 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.
- (7) You will be required to make improvements to the premises for your Franchised Restaurant in accordance with our Standards. If you lease the premises, it is possible that your landlord will agree to pay for some or all of these improvements or to finance the cost of the improvements through increases in base rent. The amounts specified in the range assume that the landlord delivers the location for your Franchised Restaurant with all electrical, HVAC, and other utilities available to the premises and prepared with lighting, electrical switches and outlets, bathrooms, finished ceilings, and walls that are prepped for painting. The amounts do not include capitalized costs of rent or other occupancy costs, over either the life of the lease or the life of your investment.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 22–26)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, while there is no separate fee payable to Crisp & Green for up to four people attending Crisp Academy, the initial training program, franchisees are responsible for covering certain expenses. Specifically, the franchisee must arrange and pay for the travel, accommodations, and meals for their personnel attending the training program directly to third-party providers.
The FDD estimates that these travel and living expenses while training will range from $2,500 to $7,500. This estimate considers local accommodations and meals for four people during three weeks of Crisp Academy in Minnesota. The lower end of the estimate assumes that the franchisee and their personnel reside within driving distance of the training location, while the higher end accounts for travel expenses. However, the document notes that actual expenses may vary significantly based on factors such as distance traveled and mode of transportation.
Prospective Crisp & Green franchisees should factor these costs into their initial investment calculations. It is advisable to research travel and accommodation options in Minnesota to get a more precise estimate based on the franchisee's specific circumstances. Franchisees should also consider the cost of meals, which can vary depending on dietary preferences and restaurant choices. Planning these logistics and budgeting accordingly will help ensure a smooth and cost-effective training experience at Crisp Academy.