What expenses related to Crisp Academy are the franchisee responsible for covering?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
- (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.
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 the initial training program, Crisp Academy, the franchisee is responsible for covering certain expenses for up to four people. These expenses include arrangements for travel, accommodations, and meals for personnel attending the training. Payments for these arrangements are made directly to third-party providers.
The FDD estimates that these travel and living expenses will range from $2,500 to $7,500. The lower end of the estimate assumes that the franchisee and the individuals attending the training reside within driving distance of the training location in Minnesota. The higher end of the estimate accounts for the need for travel, although the actual expenses may vary significantly depending on factors such as the distance traveled and the mode of transportation.
This means a prospective Crisp & Green franchisee needs to budget for these costs in addition to the other initial investment expenses. It is important to consider the distance to the training location and the number of personnel attending when estimating these expenses. Franchisees should also confirm with Crisp & Green whether there are any preferred vendors for travel and accommodation to potentially manage costs effectively.