What is the procedure for making EFT payments to Beggars Pizza?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
), any reduction in revenue due to discounts or coupon sales, any sales taxes or other taxes collected from customers by Franchisee and paid directly to the appropriate taxing authority. "Accounting Period" means every seven (7) days beginning on Monday and ending on Sunday. Each Monday Franchisee must pay to Franchisor all amounts due to Franchisor for the previous Monday through Sunday (i.e., the previous Accounting Period) via electronic funds transfer ("EFT") as set forth in Section 4.6 and Section 4.7. Franchisor hereby expressly reserves the right to designate such other period (which may include a shorter period) as the Accounting Period that Franchisor may specify in the Manual or in writing from time to time.
- 4.4 Payments to Begcom. Franchisee must pay Begcom for all products and supplies that Franchisee purchases from Begcom on the terms and conditions described in the Commissary Agreement described in Section 7.4.3.1.
- 4.5 Advertising Expenditures. Franchisee must make monthly expenditures and contributions for advertising and promotion as specified in Section 12.
- 4.6 Payments. All payments to Franchisor required by Section 4.2 and Section 12 must be paid at the beginning of each Accounting Period based on the Gross Sales from the preceding Accounting Period. All such payments must be made by EFT in the manner set forth in Section 4.7. All such payments must be accompanied by such Gross Sales reports as Franchisor requires under Section 11.2. Any payment or Gross Sales report not actually received by Franchisor on or before such date will be deemed overdue.
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, franchisees are required to make payments to Beggars Pizza via electronic funds transfer (EFT). Each Monday, the franchisee must pay all amounts due to Beggars Pizza for the previous Monday through Sunday, which is defined as the Accounting Period. These payments are to be made as outlined in Section 4.6 and Section 4.7 of the franchise agreement.
Payments to Beggars Pizza for royalties and advertising fees are due at the beginning of each Accounting Period, based on the Gross Sales from the preceding Accounting Period. These payments must be made via EFT, and must be accompanied by Gross Sales reports as required by Beggars Pizza under Section 11.2 of the franchise agreement.
If any payment or Gross Sales report is not received by Beggars Pizza on or before the due date, it will be considered overdue. In such cases, the franchisee must pay Beggars Pizza immediately upon demand, in addition to the overdue amount, a late charge of two percent (2%) per month on the overdue amount, or the maximum rate permitted by applicable law, from the date it was due until received by Beggars Pizza. Beggars Pizza also reserves the right to designate a different Accounting Period, which may be shorter, as specified in the Manual or in writing from time to time. Beggars Pizza may also require the franchisee to make payments to an affiliate of Beggars Pizza.