What is the maximum System-wide Convention fee per person 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 the 2024 Devon Creek Franchise Disclosure Document, franchisees may be required to pay a System-wide Convention fee. The maximum fee is $600 per person. This fee is due before the start of the event.
The System-wide Convention fee is intended to offset Devon Creek's out-of-pocket expenses, which include meeting space, meals, audio-visual rentals, workbooks and speakers. Franchisees should note that this fee does not include all costs associated with attending the convention. Travel, lodging, and some meals are not covered by the fee and are the franchisee's responsibility.
The FDD specifies that the System-wide Convention fee is payable to Devon Creek whether or not the franchisee attends the convention. The location of the convention may vary. These fees are payable to and imposed and collected by third parties.