Does the fee for in-person support from Crown Gold Exchange include out-of-pocket expenses?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
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, Crown Gold Exchange may charge a fee of $600 per day. This fee does not include out-of-pocket expenses.
In addition to the $600 per day fee, the franchisee is responsible for covering any out-of-pocket expenses incurred by Crown Gold Exchange employees while providing on-site support. These expenses include travel, lodging, and meals. This means the total cost for in-person support could be significantly higher than the stated daily rate, depending on the location of the franchise and the duration of the support needed.
Prospective franchisees should factor in these potential additional costs when considering the level of support they might require from Crown Gold Exchange and budget accordingly. It is advisable to discuss with Crown Gold Exchange what the typical out-of-pocket expenses are for on-site support to help in financial planning.