How is the Dryer Vent Squad renewal fee calculated?

Question

Accepted Answer

| 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. |
| Reimbursement | Costs and expenses incurred by us, plus 10% of the costs and expenses incurred | 14 days of invoice | You shall reimburse us for costs and expenses incurred if we pay any amount that you owe or are required to pay to a third party, plus an additional fee of 10% of the costs and expenses incurred by us. |
| Transfer | Either: (a) $5,000 if the transferee is an existing franchisee; or (b) $12,500 for all other transfers | On demand | Payable if we approve your transfer request and upon signing our then current franchise agreement. |
| Renewal | 5% of our then current initial franchise fee | On signing renewal franchise agreement | Payable if we approve your renewal request and upon signing our then current franchise agreement. |

Source: Item 6 — OTHER FEES (FDD pages 16–21)

How is the Dryer Vent Squad renewal fee calculated?

Answer from 2024 FDD Document

What This Means (2024 FDD)

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.
Reimbursement	Costs and expenses incurred by us, plus 10% of the costs and expenses incurred	14 days of invoice	You shall reimburse us for costs and expenses incurred if we pay any amount that you owe or are required to pay to a third party, plus an additional fee of 10% of the costs and expenses incurred by us.
Transfer	Either: (a) $5,000 if the transferee is an existing franchisee; or (b) $12,500 for all other transfers	On demand	Payable if we approve your transfer request and upon signing our then current franchise agreement.
Renewal	5% of our then current initial franchise fee	On signing renewal franchise agreement	Payable if we approve your renewal request and upon signing our then current franchise agreement.