Are the fees described in the table for Bang Cookies uniformly imposed for all franchises?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Note 1: Type of Fee – The above table describes fees and payments that you must pay to us, our affiliates, or that our affiliates may impose or collect on behalf of a third party. All fees are uniformly imposed for all franchises offered under this Disclosure Document, are recurring, are not refundable, and are payable to us, unless otherwise specified. If you enter into a Multi-Unit Development Agreement or open multiple Shops then these fees shall apply, respectively, to each and every Shop. Payment is subject to our specification and instruction, including, our election to have all fees automatically drafted from your business bank account or automatically debited or charged to your business bank account. You will be required to sign an ACH Authorization Form (Franchise Agreement, Exhibit 7) permitting us to electronically debit your designated bank account for payment of all fees payable to us and/or our affiliates. You must deposit the Gross Sales of your Shop into the designated bank accounts that are subject to our ACH authorization. You must install and use, at your expense, the pre-authorized payment, point of sale, credit card processing, automatic payment, automated banking, electronic debit and/or electronic funds transfer systems that we designate and require in the operation of your Shop. You must pay all service charges and fees charged to you by your bank so that we may electronically debit your bank account.
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the fees outlined in the provided tables are uniformly imposed on all franchises. This means that all franchisees are subject to the same fee structure, promoting consistency across the Bang Cookies system.
The FDD specifies that all fees are uniformly imposed for all franchises offered under the disclosure document. These fees are recurring and non-refundable, payable to Bang Cookies unless otherwise stated. Franchisees operating under a Multi-Unit Development Agreement or those with multiple shops will find these fees applicable to each shop they operate.
Bang Cookies requires franchisees to authorize electronic debits from their business bank accounts for fee payments. Franchisees must also use designated payment, point-of-sale, and banking systems. This ensures Bang Cookies can efficiently collect payments and maintain financial control. Franchisees are responsible for any bank service charges related to these electronic debits. This uniform application of fees and payment methods helps Bang Cookies maintain a standardized and consistent financial relationship with all its franchisees.