When are late fees charged by Angry Chickz due?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Fee | Interest of 18% per annum, or the highest interest rate allowable by law, on any unpaid amounts. | Upon demand | Due only if you are late in paying any amounts owed to us. |
Source: Item 6 — OTHER FEES1 (FDD pages 11–15)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, late fees are charged when a franchisee is late in paying any amounts owed to Angry Chickz. The late fee is an interest charge of 18% per annum, or the highest interest rate allowable by law, on any unpaid amounts. This fee is due upon demand from Angry Chickz.
This means that if an Angry Chickz franchisee fails to make payments on time for any fees owed to the company, they will incur an interest charge on the outstanding balance. The specific timing of when Angry Chickz will demand payment of the late fee is not defined beyond 'upon demand,' giving Angry Chickz discretion in when they choose to collect the fee.
Prospective franchisees should be aware of this policy and ensure they have sufficient financial planning to cover all fees in a timely manner to avoid incurring these late charges. It is also important to understand what constitutes 'amounts owed' as this could include royalties, marketing contributions, or other fees outlined in the franchise agreement.