What information is contained in the invoice provided to my Beggars Pizza franchise?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
At the start of each Accounting Period (as defined below), Supplier will provide Franchisee with an invoice (the "Invoice") containing all current amounts due for all Products purchased during the prior Accounting Period. "Accounting Period" means every seven (7) days beginning on Monday and ending on Sunday.
Each Monday Franchisee must pay to Supplier all amounts due to Supplier for the previous Monday through Sunday (i.e., the previous Accounting Period) via electronic funds transfer ("EFT") as set forth in Section 3(d) below.
Supplier hereby expressly reserves the right to designate such other period (which may include a shorter period) as the Accounting Period that Supplier or Beggars may specify in the Manual or in writing from time to time.
Franchisee must pay for all Product sales within seven (7) days of receipt of each Invoice, which time period may be reduced in Supplier's sole discretion upon written notice to Franchisee.
All such payments must be made by direct deposit or EFT.
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, the supplier will provide the franchisee with an invoice at the start of each accounting period. The accounting period is defined as every seven days, beginning on Monday and ending on Sunday. This invoice will contain all current amounts due for products purchased during the prior accounting period.
Beggars Pizza franchisees are required to pay the supplier all amounts due for the previous Monday through Sunday period each Monday via electronic funds transfer (EFT). However, the supplier reserves the right to designate another period, which may include a shorter period, as the accounting period, as specified in the manual or in writing from time to time.
The franchisee must pay for all product sales within seven days of receiving each invoice. This time period may be reduced at the supplier's discretion with written notice to the franchisee. All payments must be made by direct deposit or EFT. If a franchisee fails to pay any invoice within the specified period, the supplier will provide notice of the failure, and the franchisee will have five days to correct the failure. If the franchisee does not make the required payments within the five-day cure period, the supplier has the right to immediately terminate the agreement.