Where can Crown Gold Franchising hold post-opening training programs for a Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
- 7.6 Post-Opening Training. Crown Gold Franchising may at any time require that the Principal Executive and/or any other employees complete training programs, in any format and in any location determined by Crown Gold Franchising.
Crown Gold Franchising may charge a reasonable fee for any training programs.
Crown Gold Franchising may require Franchisee to provide training programs to its employees.
If a training program is held at a location which requires travel by the Principal Executive or any other employee, then Franchisee shall pay all travel, living and other expenses.
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, post-opening training programs for the Principal Executive or other employees can be held in any location determined by Crown Gold Franchising. The training can be in any format that Crown Gold Franchising chooses.
Crown Gold Franchising may charge a reasonable fee for these training programs. If the training program requires travel for the Principal Executive or any other employee, the franchisee is responsible for covering all travel, living, and other related expenses.
This means that as a Crown Gold Exchange franchisee, you need to be prepared to potentially incur additional costs for post-opening training, including fees for the training itself and all associated travel and accommodation expenses if the training is not local. It is important to factor these potential costs into your budget and be aware that Crown Gold Franchising has the discretion to determine the location and format of these training programs.