What additional expenses might Crown Gold Exchange charge for in-person support?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
e your sole responsibility.
- C. Improving and developing your business; resolving operating problems you encounter. If you request, we will provide advice to you (by telephone or electronic communication) regarding improving and developing your business, and resolving operating problems you encounter, to the extent we deem reasonable. If we provide in-person support in response to your request, we may charge a fee (currently $600 per day) plus any out-of-pocket expenses (such as travel, lodging, and meals for our employees providing on
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 19–24)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, if a franchisee requests in-person support to improve their business or resolve operating problems, Crown Gold Exchange may charge a fee for providing that support. This support is provided at Crown Gold Exchange's discretion.
The FDD states that the fee for in-person support is currently $600 per day. In addition to the daily fee, the franchisee is responsible for covering any out-of-pocket expenses incurred by Crown Gold Exchange employees while providing the support. These out-of-pocket expenses include travel, lodging, and meals.
This means that a Crown Gold Exchange franchisee needing on-site assistance should budget not only for the $600 daily fee but also for the costs of travel, accommodation, and food for the support staff. These additional costs can vary significantly depending on the location of the franchise and the duration of the support needed, so it's important for prospective franchisees to consider this potential expense when evaluating the overall cost of the franchise.