factual

Who is the Dryer Vent Squad initial pre-opening training provided to at no additional cost?

Dryer_Vent_Squad Franchise · 2024 FDD

Answer 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, the initial pre-opening training is provided at no additional cost to the franchisee, their Managing Owner, and one designated manager. This means that Dryer Vent Squad covers the cost of the initial training for these specific individuals when a new franchise is established.

However, if additional individuals are authorized to attend the training, a fee applies. The current training fee for additional employees is $500 per person per day, payable when invoiced and prior to the training. The franchisee is also responsible for all fees, wages, and expenses associated with the attendance of any employee at the training.

This structure is fairly common in franchising, where the franchisor provides initial training to a limited number of key personnel without charge, but any extra training or personnel comes at an additional cost to the franchisee. This helps Dryer Vent Squad control training costs while still ensuring that franchisees have the opportunity to adequately train their staff, albeit at their own expense.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.