What expenses are NOT included in the System-wide Convention fee for a Devon Creek franchise?
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 does not cover all expenses associated with attending the convention. While the fee, which has a maximum of $600 per person, is intended to offset Devon Creek's out-of-pocket expenses for meeting space, meals, audio-visual rentals, workbooks, and speakers, franchisees should be aware of additional costs they will incur.
Specifically, the System-wide Convention fee does not include travel expenses to the convention location, lodging costs during the convention, or all meals. The FDD indicates that the location of the convention varies, implying that travel costs could fluctuate depending on the distance and destination. Franchisees are responsible for making their own travel and lodging arrangements and covering those expenses separately.
This means that a Devon Creek franchisee needs to budget for transportation, accommodation, and some meals in addition to the convention fee itself. These additional costs can vary significantly depending on the location of the convention and the franchisee's personal preferences for travel and lodging. It is important to factor these potential expenses into the overall cost of operating a Devon Creek franchise.