What is included in the Dryer Vent Squad audit costs?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
y us |
| 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. |
Source: Item 6 — OTHER FEES (FDD pages 16–21)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, if a financial audit determines underreporting of 2% or greater during any designated period, the franchisee is responsible for covering the cost of the audit plus expenses incurred by Dryer Vent Squad. These expenses are not further defined.
In addition, if Dryer Vent Squad engages a third party to perform periodic quality assurance audits, which may include mystery shopper programs, the franchisee is responsible for the actual costs incurred by Dryer Vent Squad. These costs include audit, legal, travel, and reasonable accommodations.
It is important to note that these audit costs are in addition to other fees outlined in Item 6, such as the ongoing royalty fee, brand development fund fee, and software fee. A prospective franchisee should carefully consider these potential audit costs and ensure they have a clear understanding of the circumstances that could trigger an audit and the associated expenses.