Who is responsible for the costs associated with establishing and maintaining the designated bank account for an All County franchise?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
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, the franchisee is responsible for all costs associated with establishing and maintaining the designated bank account. This includes transaction fees and wire transfer fees.
Prior to opening their All County business, franchisees must establish a designated bank account. All County is authorized to withdraw funds from this account for any amounts due, including Royalty Fees, via methods they prescribe, such as EFT or wire transfer. All County also has the right to review a franchisee's sales numbers on a daily basis.
Franchisees must ensure that sufficient funds are available in the designated bank account to cover these withdrawals. This requirement ensures that All County can collect its fees efficiently and without delay, placing the onus on the franchisee to manage their account responsibly and cover all associated expenses.