What is the Late Payment Fee for Aunt Millies Bakeries, and when is it applied?

According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, a franchisee may incur late payment fees. The late payment fee is 5% of the overdue monthly payment. This fee is applied if the franchisee is in default of their payment to Aunt Millies Bakeries's Affiliates by more than 15 days. The fee is due upon demand.

This means that if an Aunt Millies Bakeries franchisee fails to make a payment on time and remains in default for more than 15 days, they will be charged an additional 5% of the overdue amount. For example, if a franchisee's monthly payment is $1,000 and they are 16 days late, they will owe a late fee of $50 (5% of $1,000) in addition to the original $1,000 payment. This late fee is in addition to any other fees or penalties that may apply due to the default.

Franchisees should ensure they understand the payment terms and due dates to avoid incurring late payment fees. It is also important to note that this late fee applies specifically to payments owed to Aunt Millies Bakeries's Affiliates, which may include entities providing financing or other services. Franchisees should maintain open communication with Aunt Millies Bakeries and its Affiliates to address any payment issues promptly and avoid defaults that could lead to additional fees.