Where can an Amerispec Inspection Services franchisee find the specific due date for monthly payments?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must report monthly Gross Receipts and monthly Royalties as well as National Advertising Fund Contributions due via online reporting by the dates specified by the Company from time to time in the manuals or otherwise in writing.
All monthly Royalties and National Advertising Fund Contributions (the "Monthly Fees") owed and any other amounts designated by Company must be received or credited to Company's account by pre-authorized bank debit (or in any other manner as designated by the Company) by end of business on the Due Date set forth in Paragraph 5.2 above.
If Franchisee fails to have sufficient funds available to pay any Monthly Fees, interest and delinquency fees will be applied to Franchisee's account as set forth in Paragraph 5.2.
If Franchisee has not reported Gross Receipts for any reporting period, the Company will be authorized to debit Franchisee's
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the specific due date for monthly payments, including royalties and national advertising fund contributions, is detailed in the manuals or otherwise provided in writing by Amerispec Inspection Services. These payments must be received or credited to Amerispec Inspection Services's account via pre-authorized bank debit or another method designated by the company by the end of business on the specified due date.
If a franchisee fails to make sufficient funds available for any monthly fees, interest and delinquency fees will be applied to the franchisee's account. Furthermore, Amerispec Inspection Services is authorized to debit the franchisee's account if gross receipts are not reported for any reporting period.
Prospective franchisees should carefully review the Amerispec Inspection Services manuals and any written communications from the company to understand the exact monthly payment due dates and preferred payment methods. Maintaining compliance with these payment terms is essential to avoid late fees, interest charges, and potential disruptions to the franchise agreement.