What payment method is currently required for royalty fees and other amounts due to Bombs Away?

According to Bombs Away's 2024 Franchise Disclosure Document, royalty fees and other amounts due must be paid via preauthorized bank draft. While this is the current requirement, Bombs Away retains the right to require an alternative payment method in the future. This means that franchisees must authorize Bombs Away to automatically withdraw funds from their bank account to cover these fees.

For a prospective Bombs Away franchisee, this implies that they need to set up a system for preauthorized payments from their business bank account. This ensures timely payment of royalties and other fees, avoiding potential late fees or other penalties. Franchisees should be aware of this requirement and factor it into their financial planning and cash flow management.

While preauthorized bank drafts offer convenience and automation, franchisees should also consider the importance of regularly monitoring their bank statements to ensure accurate deductions and promptly address any discrepancies. It is also important to stay informed about any potential changes to the required payment method, as Bombs Away reserves the right to implement alternative payment options.