What must a Spray Net franchisee do to establish the Payment Account before attending the Initial Training Program?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor approves, prior to opening the Franchised Business.
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- Franchisee agrees and acknowledges that Franchisor may require Franchisee and its personnel to complete the components of the Initial Training Program that are provided via remote participation within thirty (30) days of the date this Agreement is executed.
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- Franchisee agrees and acknowledges that Franchisee must complete and/or satisfy the following Training Pre-Conditions before Franchisor will approve Franchisee or any of its designated trainees to attend the components of the Initial Training Program that are provided at Franchisor's headqua
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, a franchisee must take specific steps to establish a Payment Account before being approved to attend the Initial Training Program at Spray Net's headquarters or another designated training facility.
Specifically, the franchisee must complete all actions necessary to set up the Payment Account as detailed in Section 4(B) of the Franchise Agreement. This includes providing Spray Net and/or its designee with all required authorizations and approvals to access the Payment Account.
This precondition ensures that Spray Net franchisees have a functional payment system in place before they begin their formal training. This is likely to ensure that franchisees can handle financial transactions and manage revenue effectively from the outset of their business operations. Prospective franchisees should carefully review Section 4(B) of the Franchise Agreement to fully understand the requirements for establishing and maintaining the Payment Account.