When is the Initial Training Fee payment for a Hydrodog franchise due?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
ESTIMATED INITIAL INVESTMENT**
| Type of Expenditure (1) | Estimated Amount or Estimated Low ‒ High Range | Method Of Payment | When Due | To Whom Payment is To Be Made | |
|---|---|---|---|---|---|
| Franchise Fee (2) | $40,000 | $40,000 | Lump Sum | At the time of signing Franc |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–18)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the Initial Training Fee, which ranges from $5,000 to $5,000, is due 'As Incurred'. The method of payment is listed as 'Lump Sum/As required,' and the payment is to be made to Hydrodog. This means that the franchisee will need to pay the $5,000 Initial Training Fee at the time the expense is incurred.
It is important to note that the Initial Training Fee covers Hydrodog's expenses in providing training to the franchisee. If the franchisee chooses to bring additional trainees, they will incur an additional Initial Training Fee per person. The franchisee will still be responsible for their travel and living expenses. Any training required beyond the initial training will be at the franchisee's expense and will incur additional fees.
Prospective franchisees should carefully consider these costs and budget accordingly. It is also advisable to inquire with Hydrodog about the specific circumstances under which the Initial Training Fee becomes due, as the term 'As Incurred' can be interpreted in different ways. Understanding the payment schedule and any potential additional training costs is crucial for managing the initial investment effectively.