What rate of interest will Beggars Pizza be charged on overdue payments to Speedline?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Overdue Payments: All overdue payments by the Customer shall bear interest at the rate of eighteen percent (18%) per annum or the maximum rate of interest permitted by law, whichever is lower, from the due date until paid in full.
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, any overdue payments to Speedline will incur interest. Specifically, Beggars Pizza will be charged interest at a rate of 18% per annum.
However, the FDD also states that if the maximum interest rate permitted by law is lower than 18%, the lower rate will apply. This means that the actual interest rate charged could vary depending on the applicable laws and regulations in the franchisee's location.
This policy ensures that Speedline is compensated for late payments while also adhering to legal limits on interest rates. For a prospective Beggars Pizza franchisee, it's crucial to maintain timely payments to Speedline to avoid these interest charges, which can add to the overall cost of operations.