What costs are included in the Dryer Vent Squad Quality Assurance Audit fee?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of (Note 1) | Amount | Due Date | Remarks |
|---|---|---|---|
| including audit, legal, travel and reasonable accommodations. | |||
| Quality Assurance Audit | Actual costs incurred by us | As invoiced | Payable if we engage a third party to perform periodic quality assurance audits, including mystery shopper programs. |
| Collections | Actual fees, costs, and expenses | On demand | For costs and expenses incurred by us in collecting fees due to us, and/or to enforce the terms of the franchise agreement or a termination of the franchise agreement. Includes costs and expenses of re-inspections required by quality assurance audit. |
Source: Item 6 — OTHER FEES (FDD pages 16–21)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, the Quality Assurance Audit fee covers the actual costs incurred by Dryer Vent Squad if they engage a third party to perform periodic quality assurance audits, including mystery shopper programs. These costs are invoiced to the franchisee as they are incurred.
In addition to the Quality Assurance Audit fee, Dryer Vent Squad also charges a Collections fee. This fee covers the costs and expenses incurred by Dryer Vent Squad in collecting fees due from the franchisee or to enforce the terms of the franchise agreement, including costs and expenses of re-inspections required by the quality assurance audit.
Prospective franchisees should note that these audit and collection fees can add to the cost of running the franchise, especially if the franchisee does not meet Dryer Vent Squad's quality or payment standards. It is important to understand the circumstances that would trigger these fees and to factor them into the overall financial planning for the franchise.