What is the fee for default in reporting gross revenues to Big Apple Bagels?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Fee for Default in Reporting Gross Revenues | $10 per day | Beginning on 8th day after default | You must pay a $10 per day fee if you fail to report Gross Revenues. You must report your Gross Sales electronically (email) |
Source: Item 6 — OTHER FEES (FDD pages 21–25)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, if a franchisee fails to report gross revenues, they will be assessed a fee. This fee is $10 per day, beginning on the 8th day after the default. Big Apple Bagels requires franchisees to report their Gross Sales electronically via email.
This means that timely and accurate reporting of gross revenues is critical for Big Apple Bagels franchisees. Failure to do so can result in a daily penalty that, over time, could become a significant expense. The relatively quick imposition of the fee (starting on the 8th day after default) underscores the importance Big Apple Bagels places on receiving this information promptly.
Franchisees should ensure they have systems in place to accurately track and report gross revenues as required by Big Apple Bagels. Paying close attention to the reporting deadlines and methods outlined in the franchise agreement and operations manual is essential to avoid these default fees. Franchisees should clarify any uncertainties regarding reporting procedures with Big Apple Bagels to maintain compliance and avoid penalties.