What is the maximum amount Deck Medic can charge per month for the Technology fee?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
f your monthly Gross Sales.
Note 7: Technology – The continuing monthly technology fee is an administrative fee and is not associated with any particular service but is used, at our discretion, to defray some of our costs related to system website and intranet (the "Technology Fee"). Currently we do not charge a Technology Fee, but reserve the right to implement one at any time in the future provided that the monthly Technology Fee shall not exceed $500 per month. The Technology Fee also covers the fee of a single license for Single Ops software, and is to be paid to us or our designate
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the maximum monthly technology fee is $500. Currently, Deck Medic is not charging this fee, but they reserve the right to implement it in the future.
The Technology Fee is described as an administrative fee, not directly tied to any specific service. Deck Medic states that it will use the fee to offset costs related to the system website and intranet. The fee also covers a single license for Single Ops software.
This fee, if implemented, would be an ongoing monthly expense for franchisees. It's important to note that Deck Medic can debit this fee automatically from the franchisee's bank account via ACH or other designated means. Prospective franchisees should factor this potential expense into their financial projections and understand how the technology fee contributes to the overall support and resources provided by Deck Medic.