What are the components of the Dryer Vent Squad supplemental training fee?
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 the 2024 Dryer Vent Squad Franchise Disclosure Document, supplemental training is available if you request it or if Dryer Vent Squad requires it. The fee for this training consists of Dryer Vent Squad's current daily trainer fee, which is $250 per day, plus any applicable expenses related to travel and accommodations for the trainer. This means that in addition to the daily rate, you may also be responsible for covering the costs of transportation, lodging, and meals for the trainer during the supplemental training period.
This supplemental training can be beneficial for franchisees who want additional support or need to improve specific skills. However, it's important to factor in the potential costs, as travel and accommodation expenses can add a significant amount to the base training fee. Franchisees should discuss with Dryer Vent Squad the specific circumstances that might necessitate supplemental training and try to estimate the potential costs involved.
It is also important to note that the initial pre-opening training provided by Dryer Vent Squad is offered at no additional cost for the franchisee, the Managing Owner, and one designated manager. The supplemental training fees only apply if additional training is requested or required beyond this initial training period. Therefore, franchisees should carefully assess their training needs and plan accordingly to minimize potential expenses related to supplemental training.