When is the Bombs Away Market Cooperative Contribution due?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Market Cooperative Contribution | As determined by co-op. Currently, none. | Monthly, on the 2nd day of the following month | We have the right to establish local or regional advertising cooperatives. The maximum contribution that a co-op may require is 5% of gross sales. |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the Market Cooperative Contribution is due monthly, on the 2nd day of the following month. Currently, the amount of this contribution is set at none, but the cooperative can require a maximum contribution of 5% of gross sales.
Bombs Away has the right to establish local or regional advertising cooperatives. This means that franchisees may be required to contribute to a cooperative advertising fund in the future if one is established in their area. The amount and due date are subject to change as determined by the cooperative.
Prospective franchisees should inquire about the likelihood of advertising cooperatives being formed in their target market and how Bombs Away determines which franchisees will be included in each cooperative. Understanding the potential costs and benefits of cooperative advertising is crucial for budgeting and forecasting the profitability of a Bombs Away franchise.