Does Belocal specify the form of demand for the Management Fee?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Management Fee | 45% of monthly Cash Received, plus any expenses we incur in managing the Franchised Business | Monthly | Only payable in the event we must operate your franchise due to death, disability, defaults etc. The Management Fee is in addition to other fees due to us. |
Source: Item 6 — OTHER FEES (FDD pages 14–31)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the Management Fee is due monthly. The Management Fee is 45% of monthly Cash Received, plus any expenses Belocal incurs in managing the Franchised Business.
This fee is only payable if Belocal must operate the franchise due to circumstances such as death, disability, or default. It's important to note that the Management Fee is in addition to any other fees that may be due to Belocal.
While the FDD specifies the due date for the Management Fee as monthly, it does not explicitly detail the specific form or method of demand that Belocal will use to collect this fee. A prospective franchisee should clarify with Belocal the exact procedures and accepted payment methods for the Management Fee to ensure compliance and avoid any potential issues.