What is the late fee for submitting an NSF check to Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
reestablish a Probationary Period. The additional 4% added to the royalty will be used toward Brand Development Fund. Upon a successful re-audit, the additional royalty fee may be removed an
Source: Item 23 — RECEIPTS (FDD pages 42–190)
What This Means (2025 FDD)
According to the 2025 Best Brains Franchise Disclosure Document, if a franchisee submits a check or electronic transfer with non-sufficient funds (NSF), makes a late payment, or fails to provide required reports and financial statements on time, they will incur a late fee of $100.
This fee is in addition to any other amounts owed to Best Brains. It is important for prospective franchisees to understand that Best Brains assesses this $100 late fee for each instance of a returned check, late payment, or failure to submit required documents on time.
Franchisees should ensure they have sufficient funds available when submitting payments and maintain accurate records to provide financial statements and reports promptly to avoid incurring this fee. This policy is fairly standard in franchising, as franchisors need to ensure timely payments and reporting from franchisees to maintain the financial health and compliance of the entire franchise system.