What section of the franchise agreement discusses advice and support from Crown Gold Exchange?
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 onsite support). (Section 5.5)
- D. Establishing prices. Upon your request, we will provide recommended prices for products and services. (Section 5.5). We have the right to determine prices charged by our franchisees for goods and services (but only to the extent permitted by applicable law).
- E. Establishing and using administrative, bookkeeping, accounting, and inventory control procedures. We will provide you our recommended procedures for administration, bookkeeping, accounting, and inventory control (Section 5.5). We may make any such procedures part of required (and not merely recommended) procedures for our system.
- F. Website. We will maintain a website for the Crown Gold Exchange brand, which will include your business information and tel
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 19–24)
What This Means (2024 FDD)
According to the 2024 Crown Gold Exchange Franchise Disclosure Document, Section 5.5 of the franchise agreement outlines the advice and support Crown Gold Exchange provides to franchisees. Specifically, it states that Crown Gold Exchange will provide advice via telephone or electronic communication regarding improving and developing the franchisee's business and resolving any operational problems encountered, to the extent they deem reasonable. If in-person support is requested and provided, Crown Gold Exchange may charge a fee of $600 per day, plus any out-of-pocket expenses such as travel, lodging, and meals for their employees.
Additionally, Section 5.5 indicates that Crown Gold Exchange will provide recommended prices for products and services upon request, although they retain the right to determine prices charged by franchisees to the extent permitted by law. They will also provide recommended procedures for administration, bookkeeping, accounting, and inventory control, and may make these procedures mandatory for the franchise system.
Crown Gold Exchange also maintains a website for the brand, which includes the franchisee's business information and telephone number, as stated in Section 5.5. This section is important for prospective franchisees to understand the scope and limitations of the support they can expect from Crown Gold Exchange, as well as the potential costs associated with on-site assistance.