What is considered a breach of the agreement regarding the bank account for a Beggars Pizza franchise?

According to Beggars Pizza's 2025 Franchise Disclosure Document, a franchisee's failure to provide information concerning the required bank account, or any new account, constitutes a breach of the agreement. Additionally, withdrawing consent for electronic fund transfers (EFT) from the designated account, regardless of the reason or method, is also considered a breach.

Beggars Pizza requires franchisees to maintain a designated bank account for the operation of the restaurant. Franchisees must deposit all revenues from the Beggars Restaurant into this account within two days of receipt. This includes cash, checks, credit card receipts, and other forms of payment. The bank account must be located within the United States and governed by its laws.

Upon signing the agreement, the franchisee must provide the supplier with the bank name, account number, a voided check, and written authorization for the supplier to withdraw funds via EFT for all payments. Franchisees are also responsible for covering all costs associated with these transfers. If a franchisee changes banks or accounts, they must provide the new account information and withdrawal authorization before the change takes effect. These stipulations ensure that Beggars Pizza can collect payments efficiently and maintain financial control over the franchise operations.