When is the Annex Brands Technology Services Fee collected each week?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
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- D. TECHNOLOGY SERVICES 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 Subsection 9.C.
- E. PAYMENT OF FEES. Franchisee will pay or enable Franchisor to collect any and all sums or amounts promptly as they became due. Franchisee's failure to pay amounts when due may constitute grounds for termination of th
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the Technology Services Fee is collected each Tuesday after the close of business. This fee covers the previous week, which ends on Saturday. The collection is done through an automatic draft from the franchisee's designated bank account. The standard Technology Services Fee is $16 per week.
This means that as an Annex Brands franchisee, you should ensure that your designated bank account has sufficient funds each Tuesday to cover the Technology Services Fee. The fee is used to support various technology services that Annex Brands may provide. It is important to note that the amount of the fee, frequency, date, and method of collection are subject to change at Annex Brands' discretion, provided they give at least 15 days' prior notice.
Franchisees must authorize Annex Brands to collect all sums or amounts promptly as they become due, and failure to pay amounts when due may constitute grounds for termination of the franchise agreement. Franchisees also agree to submit a completed Unit Sales Report each Saturday after the close of business and before midnight for the week ending that Saturday.