What is All County authorized to withdraw from the designated bank account?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.5. Designated Bank Account. Prior to the opening of the Business, and as a condition thereof, you shall establish a designated bank account from which we shall be authorized to withdraw in any manner which we prescribe, which may include EFT or wire transfer, any amounts due to us or any affiliate(s) from you under this Agreement, including Royalty Fees due.
We have the right to review your sales numbers on a daily basis.
By the fifth (5th) day of the week following the end of each calendar month, we shall calculate the Royalty Fee due for the preceding month and may withdraw via EFT such amount and any other amounts due under this Agreement, including any advertising and marketing fees set forth under Article 17, directly from the designated account, unless we have agreed with you in writing to some other acceptable method of delivery of amounts due to us.
All costs and expenses of establishing and maintaining such designated account, including transaction fees and wire transfer fees, shall be paid by you.
You agree to maintain at all times sufficient funds in such designated bank accounts for such withdrawals.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, prior to opening their business, franchisees must establish a designated bank account. All County is authorized to withdraw from this account, using methods they prescribe such as EFT or wire transfer, any amounts the franchisee owes to All County or its affiliates under the Franchise Agreement. This includes Royalty Fees.
All County calculates the Royalty Fee due for the preceding month by the fifth day of the following week and may withdraw this amount, along with any other amounts due under the agreement, directly from the designated account via EFT. These other amounts can include advertising and marketing fees as detailed in Article 17 of the agreement. However, All County may agree in writing to another acceptable method for the franchisee to deliver the amounts owed.
The franchisee is responsible for all costs associated with establishing and maintaining the designated bank account, including transaction and wire transfer fees. Furthermore, the franchisee must ensure that sufficient funds are always available in the account to cover these withdrawals. This gives All County a direct and reliable method for collecting fees, while placing the onus on the franchisee to manage their account balance and cover associated costs.