When is the Royalty fee due for Annex Brands?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty fee | 5% of Gross Receipts (2) | Each Wednesday, after the close of business, for the previous week ending Saturday | We may establish other due dates. You must report Gross Receipts each Saturday after the close of business before midnight for the week ending on that Saturday. You must pay us by automatic bank draft. (3) |
Source: Item 6 — OTHER FEES (FDD pages 24–32)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, the royalty fee, which is 5% of Gross Receipts, is due each Wednesday after the close of business for the previous week ending Saturday. Franchisees are required to report their Gross Receipts each Saturday after the close of business before midnight for the week ending on that Saturday.
Annex Brands requires that royalty fee payments be made via automatic bank draft. The franchisor retains the right to establish other due dates for the royalty fee.
Prospective franchisees should be aware of the weekly payment schedule and the mandatory automatic bank draft payment method, ensuring they have sufficient funds available to meet these obligations. Additionally, franchisees should stay informed of any potential changes to the due dates as determined by Annex Brands.