What is the late fee imposed by Anago for each day a required report is missing?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
NBDS system or any other system as required by the Franchisor described in this paragraph. Any other software/programs the Subfranchisor desires to use must be approved in writing by the Franchisor before any such use is permitted.
- (m) Late Fee. Subfranchisor acknowledges and understands that all required reports, forms, statements and information required to be submitted to Franchisor under this Agreement must be submitted as and when due so as to allow Franchisor to remain competitive in the market place and to facilitate the overall operation of the Anago franchise System. Franchisor will impose a late fee equal to $100 per day, per report, until each missing required report has been submitted for Subfranchisor's f
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, a subfranchisor will be charged a late fee of $100 per day for each missing required report, form, statement, or information that is not submitted as required under the agreement. This fee continues to accrue until the missing report is submitted.
This policy emphasizes the importance Anago places on timely and accurate reporting from its subfranchisors. These reports are crucial for Anago to maintain its competitive edge and ensure the smooth operation of the franchise system. The daily late fee serves as a strong deterrent against non-compliance.
In addition to the late fee for missing reports, Anago also imposes a $100 per day fee for failing to properly deposit client receipts into the required bank accounts. This highlights the brand's focus on financial accountability and adherence to established procedures. Prospective franchisees should be aware of these financial penalties and ensure they have systems in place to meet all reporting and deposit deadlines to avoid incurring these fees.