How much is the Technology Services Fee for an Annex Brands franchise per week?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
RVICES FEE. Beginning after Franchisee (i) opens the Center, (ii) assumes the operation of an existing Center by transfer, or (iii) converts an existing business to a Center, Franchisor will collect from Franchisee as a Technology Services Fee the sum of $16 per week each Tuesday after the close of business, for the previous week ending Saturday, by automatic draft from Franchisee's designated bank account. The fee will be used for support of various technology services that Franchisor may provide to Franchisee in its sole discretion. The amount of the fee, frequency, date and method of collection, are subject to change in Franchisor's sole discretion, after at least 15 days' prior notice to Franchisee. See Sub
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, franchisees must pay a Technology Services Fee of $16 per week. This fee is collected each Tuesday after the close of business, covering the previous week which ends on Saturday. The payment is made through an automatic draft from the franchisee's designated bank account.
The Technology Services Fee is intended to support various technology services that Annex Brands may provide to its franchisees. These services are determined at the discretion of Annex Brands.
It's important to note that Annex Brands retains the right to change the amount of this fee, as well as the frequency, date, and method of collection. However, they are required to provide franchisees with at least 15 days' prior notice before implementing any such changes. This ensures franchisees have some advance warning before any adjustments to their financial obligations.