What is the consequence if a Best Brains franchisee's check bounces?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Fee | $100 per incident | As incurred | Applies to each NSF check, late payment, or failure to timely provide reports and financial statements. FA Sec. 2(F). |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, a franchisee will incur a $100 late fee for each check that is returned for insufficient funds (NSF). This fee is applied per incident, meaning each bounced check results in a separate $100 charge.
This late fee also applies to late payments or failure to provide timely reports and financial statements. This policy encourages franchisees to maintain accurate financial records and meet payment deadlines.
It is common practice in the franchise industry to impose fees for late payments or returned checks to cover administrative costs and to incentivize timely payments. Prospective Best Brains franchisees should be aware of this fee and ensure they have sufficient funds available when making payments to avoid incurring additional charges.