How often will a Bang Cookies franchisee pay the Point of Sale System Fee?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
- (3) Point of Sale System Fee Franchisee shall pay to Franchisor, Franchisor's affiliates, or Franchisor's designees on-going weekly, monthly, and/or per use point of sale system fee throughout the Term of this Agreement respecting Franchisee's license and use of the point of sale system as designated and specified by Franchisor, in Franchisor's Reasonable Business Judgment.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, franchisees are required to pay an ongoing Point of Sale System Fee. This fee covers the franchisee's license and use of the point of sale system.
The frequency of this fee is designated and specified by Bang Cookies, and it can be on a weekly, monthly, and/or per-use basis. This means a franchisee's payment schedule could vary depending on the specific terms set by Bang Cookies.
As a prospective franchisee, it's important to clarify with Bang Cookies the exact payment schedule and the factors that determine whether the fee is charged weekly, monthly, or per use. Understanding these details will help in accurately forecasting operating costs.