What methods of payment does Beauty Bungalows accept for fees and royalties?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
I (or We if there are joint owners of the account referenced later in this agreement) authorize and request Beauty Bungalows Franchising, LLC (the "Company") to obtain payment for all royalty amounts I (we) owe to the Company pursuant to the Franchise Agreement between the Company and me (us), as these amounts become due by initiating a payment entry to my (our) account. The account number, name of financial institution, payment amount, and date on or immediately after which payment should be deducted from the account are identified below. In addition, I (we) authorize and request the financial institution, now referred to as the Bank, to accept the payment entries presented to the Bank and to deduct them from my (our) account without responsibility for the correctness of these payments.
Source: Item 22 — CONTRACTS (FDD pages 47–48)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, franchisees are required to authorize Beauty Bungalows to obtain payment for all royalty amounts owed, as they become due, by initiating a payment entry to the franchisee's account. The franchisee also authorizes their financial institution (the Bank) to accept these payment entries and deduct them from their account.
This authorization includes providing the account number, the name of the financial institution, the payment amount, and the date on or immediately after which the payment should be deducted. This preauthorized payment service ensures that Beauty Bungalows receives royalty payments promptly and efficiently.
This method of payment is mandatory for royalty payments, ensuring a consistent and reliable system for both the franchisee and Beauty Bungalows. Franchisees should ensure they understand the terms of the authorization agreement and maintain sufficient funds in their account to cover the royalty payments when due.