What are the required actions a Body Brain Center franchisee must take to avoid late fees?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
- (12) We may charge the late fee on all overdue amounts under the Franchise Agreement. If the Franchise Agreement does not specify a due date, interest begins to accrue 10 days after billing. If there are sufficient funds in your designated checking account to cover all amounts due us as these amounts become due and you provide us with reports of Program Sales and record sales on a timely basis, you will not be charged a late fee.
Source: Item 6 — OTHER FEES (FDD pages 11–14)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, a franchisee can avoid late fees by ensuring sufficient funds are available in their designated checking account to cover all amounts due to Body Brain Center, providing timely reports of Program Sales, and recording sales promptly. The late fee is imposed on all overdue amounts under the Franchise Agreement. If the Franchise Agreement does not specify a due date, interest begins to accrue 10 days after billing. The late fee is the lesser of 18% of the amount past due or the highest rate allowed by applicable law.
To ensure timely payments, Body Brain Center requires franchisees to sign an ACH Authorization Form, permitting them to electronically debit the franchisee's designated bank account for all fees payable. Franchisees must deposit all revenues from their business into this account and ensure sufficient funds are available for withdrawal before each due date.
Franchisees must also provide Body Brain Center with reports of their Program Sales, which include all gross sums received from services sold at the business, excluding product sales, refunds to customers, and sales and use taxes. All sales information must be recorded on the same day the sale takes place. By adhering to these requirements, Body Brain Center franchisees can avoid incurring late fees.