On what page can I find information about Devon Creek's successor fee?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| WELCOME LETTER | 1 |
|---|---|
| MISSION STATEMENT | 2 |
| VISION | 3 |
| CORE VALUES | 4 |
| DEVON CREEK LANDSCAPING HISTORY | 7 |
| SERVICES PROVIDED TO FRANCHISEES | 8 |
| Advertising Materials and Sales Aids ◀ | 8 |
| Advisory Councils ◀ | 8 |
| Approved Providers ◀ | 8 |
| Corporate Website ◀ | 9 |
| Initial Training ◀ | 9 |
| Ongoing Training ◀ | 9 |
| FRANCHISEE RESPONSIBILITIES | 10 |
| Responsibilities to Your Clients ◀ | 10 |
| Responsibilities to Your Employees ◀ | 11 |
| Responsibilities to Fellow Franchisees ◀ | 12 |
| Responsibilities to the Franchisor ◀ | 12 |
| CORPORATE OFFICE CONTACT INFORMATION | 13 |
| VISITS FROM THE CORPORATE OFFICE | 14 |
| PAYING OTHER FEES | 15 |
| Additional Training Fee ◀ | 15 |
| Attorneys' Fees ◀ | 15 |
| Audit ◀ | 15 |
| Indemnification ◀ | 16 |
| Modifications ◀ |
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to the 2024 Devon Creek Franchise Disclosure Document, information regarding the Successor Fee can be found on page 17. This information is located within the table of contents for the Devon Creek Operations Manual, specifically under the section titled "PAYING OTHER FEES".
Locating the successor fee information within the table of contents indicates that the fee is detailed somewhere in the operations manual. A successor fee is typically charged when a franchise is transferred to a new owner, either through a sale or inheritance.
Prospective Devon Creek franchisees should consult page 17 of the Operations Manual to understand the specific circumstances under which the successor fee is applied, the amount of the fee, and any other conditions or requirements related to transferring the franchise to a new owner. Understanding these details is crucial for financial planning and long-term business strategy.