How does Afuri Ramen Dumpling require franchisees to pay the monthly royalty fee?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Date Due | Remarks |
|---|---|---|---|
| Royalty Fee | 5% of your monthly Revenue1 | Payable monthly as described in our Operations Manual | This fee must be paid through automatic debit processes as outlined in the |
Source: Item 6 — Other Fees (FDD pages 11–16)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the royalty fee, which is 5% of monthly revenue, must be paid through automatic debit processes. The specifics of these automatic debit processes are outlined in the Operations Manual.
This means that as a franchisee, you will be required to set up an automatic payment system, allowing Afuri Ramen Dumpling to directly withdraw the royalty fees from your account each month. This is a fairly common practice in franchising, designed to ensure timely and consistent payments.
Franchisees should carefully review the Operations Manual to understand the exact procedures for setting up and managing these automatic payments, including the required bank account information and any potential fees associated with the automatic withdrawal process. Franchisees should also be aware of the procedures to follow if there are ever issues with the automatic payments, such as insufficient funds or account changes.