From when is interest calculated on overdue payments from Beggars Pizza to SpeedLine?

According to the 2025 Beggars Pizza Franchise Disclosure Document, interest on overdue payments to SpeedLine is calculated from the due date until the payment is made in full. Specifically, any amount not paid by a Beggars Pizza franchisee when due, including disputed amounts resolved in SpeedLine's favor, will incur interest.

The interest rate applied to these overdue amounts is 1.5% per month, which is equivalent to 18% per annum. However, the FDD stipulates that if the maximum applicable legal rate is lower than 18%, the lower rate will be applied instead. This ensures compliance with any state or local laws that may restrict the maximum allowable interest rate.

This policy has significant implications for Beggars Pizza franchisees. It underscores the importance of timely payments to SpeedLine to avoid accruing interest charges. Franchisees should be aware of the due dates for all invoices and ensure that payments are made promptly. Failure to do so can result in additional financial burdens, potentially impacting the profitability of the franchise. Additionally, SpeedLine reserves the right to suspend or terminate a franchisee's access to the service if their account becomes delinquent, further emphasizing the need for diligent financial management.