What is the weekly Technology Fee that a Devon Creek franchisee is required to pay?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
Section 12.3)
You are required to pay a weekly one hundred twenty-five-dollar ($125) technology fee ("Technology Fee"). We reserve the right to increase the Technology Fee by ten percent (10%) annually, not to exceed five hundred dollars ($500) per week. We will set up an initial email account for you. You must only use this account in all communication regarding your franchise business. You must use as the sole email for all Franchised Business-related communications and accounts. Use of a private email account for business related to Your Franchise Business is prohibited. All Social Media You develop or use, if authorized by Us, must be attached only to the email address
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 24–32)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, franchisees are required to pay a weekly Technology Fee of $125. This fee is in addition to other fees such as the Brand Fund contribution and local advertising expenses.
Devon Creek retains the right to increase the Technology Fee by up to 10% annually; however, the fee will not exceed $500 per week. This means that while the fee starts at a manageable level, it could potentially increase significantly over time, impacting the franchisee's operating costs.
The Technology Fee covers the cost of setting up an initial email account for the franchisee, which must be used for all communications related to the franchise business. Franchisees are prohibited from using private email accounts for business-related communications. This ensures that all communications are standardized and can be monitored by Devon Creek for quality control and compliance purposes. Additionally, all social media developed or used, if authorized by Devon Creek, must be attached to the email address provided or approved by them.