How long does a Bombs Away franchisee have to reimburse Bombs Away Franchising for payments made on their behalf?

According to Bombs Away's 2024 Franchise Disclosure Document, if Bombs Away Franchising pays an amount that a franchisee owes to a supplier or other third party, the franchisee must repay that amount plus a 10% administrative charge within 15 days of the invoice date. The invoice from Bombs Away must be accompanied by reasonable documentation of the payment.

This means that if Bombs Away chooses to cover a franchisee's debt to a supplier, the franchisee is obligated to promptly reimburse Bombs Away for the payment, along with an additional 10% to cover administrative costs. This reimbursement is expected within 15 days of receiving an invoice and supporting documentation from Bombs Away.

This policy ensures that Bombs Away can assist franchisees in managing their financial obligations while also protecting its own financial interests by recouping the funds it advances, plus an administrative fee. Franchisees should be aware of this reimbursement timeline to avoid any late payment issues or potential penalties.