What triggers the insufficient or late payment fee for a Bath Tune Up franchise?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF FEE 1 | AMOUNT | DUE DATE | REMARKS |
|---|---|---|---|
| Insufficient or Late Payment Fee | Currently $300, subject to change. | On due date of Royalty, National Advertising Fee, Technology Fee, or any other amounts due if payment not made in full. | Payable if there are insufficient funds in your account to cover withdrawal of amounts due or payment is late. |
Source: Item 6 — OTHER FEES (FDD pages 15–19)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, an insufficient or late payment fee is triggered when a franchisee's payment for royalties, national advertising fees, technology fees, or any other amounts due is not made in full by the due date. This fee is also applied if there are insufficient funds in the franchisee's account to cover the withdrawal of the amounts due.
The insufficient or late payment fee is currently $300, but the FDD indicates that this amount is subject to change. This fee is intended to cover the administrative costs and potential financial losses incurred by Bath Tune Up due to late or failed payments.
For a prospective Bath Tune Up franchisee, it is crucial to ensure that all payments are made on time and that sufficient funds are available in the designated account to avoid incurring this fee. Franchisees should set up reminders and monitor their account balances to prevent any unintentional late or insufficient payments. Understanding the due dates for all fees and planning accordingly is essential for maintaining a positive financial standing with Bath Tune Up.