What costs are Dryer Vent Squad franchisees responsible for regarding the 'Annual System Conference'?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee shall be responsible for all expenses of its personnel attending the Annual System Conference including travel, meals and lodging. Franchisee shall be required to pay to Franchisor an Annual Conference Attendance Fee. Franchisee agrees that if Franchisee fails to attend the Annual System Conference that Franchisor shall, nevertheless, charge and Franchisee shall pay the Annual Conference Attendance Fee – even if Franchisor waives such fee for franchisees who attend the Annual System Conference.
Source: Item 23 — RECEIPTS (FDD pages 51–207)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, franchisees are responsible for specific costs related to the Annual System Conference. Franchisees must cover all expenses for their personnel attending the conference, including travel, meals, and lodging.
In addition to covering their own travel and accommodation costs, Dryer Vent Squad franchisees are required to pay an Annual Conference Attendance Fee to the franchisor. The amount of this fee is determined by Dryer Vent Squad, but it will not exceed $1,500 annually.
Notably, Dryer Vent Squad franchisees are obligated to pay the Annual Conference Attendance Fee even if they do not attend the Annual System Conference, unless the franchisor chooses to waive the fee for franchisees who do attend. This means that franchisees should budget for this fee regardless of their attendance plans.