For Aplus franchisees, what is the latest day of the month that rent and fees must be paid?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
(C) Rent shall be paid to Sunoco in any and all months in which the APlus Franchise Agreement is not in effect ("Store Facilities Rent"). If the APlus Franchise Agreement is not in effect, the Store Facilities Rent shall begin on the later of the Commencement Date or the termination date of the APlus Franchise Agreement. Such rent is payable on or before the tenth (10th) day of the month following the month in which such sales were made and for which rent is due.
11.1. Marketing Fee.
The Marketing Fee is due monthly on the tenth (10th) of the month and shall be paid in the same manner as the Royalty Fee.
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, rent and fees must be paid to Sunoco on or before the 10th day of the month following the month in which the sales were made and for which rent is due. This applies when the Aplus Franchise Agreement is not in effect.
For example, if the Aplus Franchise Agreement is not in effect, rent for sales made in January would be due by February 10th. This stipulation is referred to as "Store Facilities Rent" and begins on the later of the Commencement Date or the termination date of the Aplus Franchise Agreement.
Additionally, the marketing fee is also due on the 10th of the month. It's important to note that this payment schedule applies specifically to situations where the Aplus Franchise Agreement is not active, or for the marketing fee, and may differ under normal operating conditions as defined in the franchise agreement and its attachments.