What is the consequence of failing to cure a late payment for my Beggars Pizza franchise?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
If Franchisee fails to pay any Invoice within such period, Supplier will provide Franchisee with notice of such failure and, upon receipt of such notice, Franchisee will have five (5) days to cure such failure.
If Franchisee fails to make all required payments within such five (5)-day cure period, Supplier will have the right to immediately terminate the Agreement.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, if a franchisee fails to pay an invoice within the required period, the supplier will provide notice of the failure. Upon receiving this notice, the franchisee has five days to correct the payment issue.
If the franchisee does not make the required payments within this five-day cure period, the supplier has the right to immediately terminate the Beggars Pizza franchise agreement. This means that failing to address a late payment promptly can lead to the loss of the franchise.
This clause highlights the importance of maintaining timely payments to the supplier to avoid potential termination of the franchise agreement. Franchisees should ensure they have systems in place to manage and track payments to prevent late payments and the risk of losing their franchise.