When is the Dryer Vent Squad additional employee initial training fee due?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Annual Conference Attendance (Note 10) | Our then current conference fee, but not greater than $1,500. Currently not assessed. | When invoiced | Applies to conference fee for an annual System conference. |
| Additional Employee Initial Training | Our then current training fee, currently $500 per person per day | When invoiced and prior to training | Our initial pre-opening training is provided at no additional cost for you or your Managing Owner and one designated manager at no additional charge. This fee applies to additional individuals that we authorize to attend training. You are responsible for all fees, wages, and expenses associated with attendance. |
| Supplemental Training | Our then current daily fee per trainer, plus our expenses. Current rate is $250 per day | On demand | If you request or we require additional training, you must pay our then current trainer fee plus, if applicable, our expenses related to travel and accommodations. |
| Reporting Non- Compliance | $150 per occurrence | 14 days of invoice | Payable for failure to timely submit royalty and other reports required under the Franchise Agreement. |
| Operations Non- Compliance | $450 to $1,000 per occurrence plus costs | 14 days of invoice | Payable for failure to comply with operational standards as required under Franchise Agreement, plus inspection and re-inspection costs incurred by us. |
| Payment Non- Compliance | $150 per occurrence | 14 days of invoice | Payable for failure to comply with payment obligations under Franchise Agreement. |
| NSF Check Fee of Failed Electronic Fund Transfer | 5% of amount or $50, whichever is greater, or maximum fee allowed by law | On demand | Payable if your bank account possesses insufficient funds or fails to process a payment required under Franchise Agreement. |
| Interest | 18% per annum from due date | On demand | Payable on all overdue amounts, fees, charges, and payments due under the Franchise Agreement. Interest rate cannot exceed legal rate allowed by law and may be adjusted to reflect same. |
| Audit | Cost of audit plus expensed incurred | On demand | For costs incurred by us for each financial audit, provided the audit determines underreporting of 2% or greater during any designated period. Includes expenses incurred by us |
Source: Item 6 — OTHER FEES (FDD pages 16–21)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the fee for additional employee initial training is due when invoiced and prior to the training. The then-current training fee is $500 per person per day. Dryer Vent Squad provides initial pre-opening training at no additional cost for the franchisee or their Managing Owner and one designated manager. This fee applies to additional individuals that Dryer Vent Squad authorizes to attend training. The franchisee is responsible for all fees, wages, and expenses associated with attendance.
This means that if a Dryer Vent Squad franchisee wants to send more than the included number of people to the initial training, they will have to pay $500 per person per day for the additional training. This fee must be paid before the training takes place, so it is important to factor this cost into the initial investment and training budget. The franchisee is also responsible for covering all wages, travel, lodging, and other expenses for the additional employees attending the training.
Franchisors commonly offer initial training programs to equip franchisees and their staff with the knowledge and skills necessary to operate the business effectively. While some franchisors include training for a limited number of personnel in the initial franchise fee, others charge additional fees for training extra staff. It is important for prospective franchisees to understand these costs and budget accordingly.