What is the interest rate applied to delinquent payments owed to Beyond Juicery Eatery?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
I, the authorized representative and agent for the Restaurant for the account identified below referenced, authorize Beyond Juicery + Eatery Franchising, LLC (referred to as "Franchisor") to debit on every Wednesday from Franchisee's bank account, the amount of Royalty and Marketing Fee due to the Franchisor based on Gross Sales of the above referenced Beyond Juicery + Eatery® Restaurant, and any Late Fees or Interest, for each and every preceding week, ending on Sunday, and any other fee that may be due and owing to Franchisor or any affiliate of Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Beyond Juicery Eatery does not explicitly state the interest rate applied to delinquent payments. However, Exhibit D, titled "ELECTRONIC FUNDS TRANSFER (EFT) AUTHORIZATION", does mention that the authorization includes the debiting of "any Late Fees or Interest" from the franchisee's bank account. This authorization covers royalty and marketing fees due to Beyond Juicery Eatery, based on the restaurant's gross sales, as well as any other fees that may be due to Beyond Juicery Eatery or its affiliates.
Because the specific interest rate is not disclosed in the provided excerpts, prospective franchisees should seek clarification from Beyond Juicery Eatery regarding how late fees and interest are calculated and applied to overdue amounts. Understanding these terms is crucial for managing the financial obligations of the franchise.
It is common practice for franchisors to charge interest on overdue payments, but the rate can vary. Franchisees should compare the interest rate and late fee policies with industry standards and local regulations to ensure they are reasonable and compliant.