When is the System Marketing Fund Fee due from a Bevaris Alliance franchisee?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
For each week, the Franchisee shall pay Franchisor the System Marketing Fund Fee weekly in arrears no later than the Tuesday of the immediately following week, with effect from the date of this agreement.
- 4.5 Transfer Fee.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the System Marketing Fund Fee is due weekly. Specifically, Bevaris Alliance franchisees must pay the System Marketing Fund Fee weekly in arrears, no later than the Tuesday of the immediately following week. This payment schedule takes effect from the date of the franchise agreement. The System Marketing Fund Fees are defined as 2% of the Gross Sales Receipts payable by the Franchisee to the Franchisor.
This means that each week, a Bevaris Alliance franchisee calculates 2% of their gross sales receipts. This amount must then be paid to Bevaris Alliance by the following Tuesday. This is a recurring weekly obligation for the duration of the franchise agreement.
Franchisees should ensure they have systems in place to accurately track gross sales and remit the System Marketing Fund Fee on time to avoid potential late fees or other penalties for non-compliance. This consistent payment schedule is essential for franchisees to factor into their weekly cash flow management.