How much is the daily fee for Big Apple Bagels franchisees who default in paying fees?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
HER FEES**
A. FRANCHISE AGREEMENT
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Assessment for Electronic bank draft being Dishonored | $25 or $50 | On demand | You must pay a $25 assessment fee for each of the 1st 3 times i |
Source: Item 6 — OTHER FEES (FDD pages 21–25)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, a franchisee who fails to pay fees when due will incur a penalty of $100 per day. This fee begins accruing on the 15th day after the initial default.
This late fee is in addition to any other remedies Big Apple Bagels may pursue for non-payment, such as legal action or termination of the franchise agreement. The daily fee continues to accumulate until the outstanding balance is paid in full. Franchisees should ensure they have sufficient financial resources and systems in place to manage payments and avoid these penalties.
It is important to note that this is just one of several fees Big Apple Bagels charges for various operational defaults. Others include failure to report gross revenues, failure to submit register tapes or reports, financial statements, or tax returns, failure to properly use proprietary products, failure to comply with specific operating standards, failure to keep store open during required hours, and unauthorized use of marks. Each of these carries its own penalties and conditions, as detailed in Item 6 of the FDD.