What expenses are NOT included in the Devon Creek System-wide Convention fee?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| System-wide Convention | The then-current fee, $600 maximum per person to attend the System-wide Convention | Before the start of the event | To help offset our out-of-pocket expenses for meeting space, meals, audio visual rental, workbooks, speakers, etc. Does not include travel, lodging, or all meals. Location varies, these fees are payable to and imposed and collected by third parties. The System-wide Convention Fee shall be due to Franchisor whether or |
Source: Item 6 — OTHER FEES (FDD pages 8–16)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the System-wide Convention fee is designed to offset Devon Creek's out-of-pocket expenses for meeting space, meals, audio-visual rentals, workbooks, and speakers. The fee is capped at a maximum of $600 per person. Franchisees must pay this fee before the start of the event, regardless of whether they attend. The location of the System-wide Convention varies.
However, the System-wide Convention fee does not cover all expenses associated with attending the convention. Franchisees are responsible for their own travel and lodging costs. Additionally, the fee does not include the cost of all meals during the convention.
Prospective Devon Creek franchisees should factor in these additional costs—travel, lodging, and some meals—when budgeting for the System-wide Convention. These costs can vary significantly depending on the convention's location and the franchisee's personal preferences.