What is the maximum amount Dryer Vent Squad can charge for the annual conference attendance 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. |
Source: Item 6 — OTHER FEES (FDD pages 16–21)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the maximum amount Dryer Vent Squad can charge for the annual conference attendance fee is $1,500. Currently, this fee is not being assessed.
The conference is an annual System conference, and franchisees are required to attend on the dates and at the location designated by Dryer Vent Squad. Franchisees are responsible for all travel and lodging expenses associated with attending the conference.
Dryer Vent Squad reserves the right to charge the Annual Conference Attendance Fee to franchisees who do not attend the conference. However, Dryer Vent Squad will not require attendance at an annual conference for more than five days during any calendar year. This fee structure is fairly standard in the franchise industry, where franchisors often hold annual conferences for training, networking, and updates, with franchisees bearing the costs of attendance.