How soon after receiving an invoice must a Bang Cookies franchisee pay for a supplier review?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Non-compliance | Actual fees, costs, and expenses | On demand | Fees, costs and expenses incurred by us as a result of your breach or noncompliance with the terms of your Franchise Agreement. |
|---|---|---|---|
| Supplier Review | Actual fees, costs, and expenses | Within 14 days of invoice | You must pay us the costs incurred by us to review and evaluate a potential supplier, product, or service that you submit to us for approval. |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, a franchisee must pay for a supplier review within 14 days of the invoice date. This fee covers the costs Bang Cookies incurs to review and evaluate a potential supplier, product, or service that the franchisee submits for approval.
This means that if a franchisee wants to use a supplier not already approved by Bang Cookies, they will be responsible for covering the costs of this review. The actual fees, costs, and expenses will vary depending on the complexity and scope of the review required to ensure the supplier meets Bang Cookies' standards.
It is important for prospective Bang Cookies franchisees to factor this potential expense into their operating budget. They should also understand the criteria Bang Cookies uses to evaluate suppliers to minimize the chances of incurring review fees for suppliers unlikely to be approved. Proactive communication with Bang Cookies regarding potential suppliers could also help manage these costs.