What are the payment methods accepted for the initial franchise fee for Bombs Away?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
Bombs Away Franchising within 15 days after invoice by Bombs Away Franchising accompanied by reasonable documentation.
4.7 Payment Terms.
- (a) Method of Payment. Franchisee shall pay the Royalty Fee, Marketing Fund Contribution, and any other amounts owed to Bombs Away Franchising by pre-authorized bank draft or in such other manner as Bombs Away Franchising may require. Franchisee shall comply with Bombs Away Franchising's payment instructions.
- (b) Calculation of Fees.
Source: Item 5 — INITIAL FEES (FDD page 9)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the specific methods of payment accepted for the initial franchise fee are not explicitly detailed. However, the FDD does outline acceptable payment methods for other fees. Specifically, royalty fees, marketing fund contributions, and any other amounts owed to Bombs Away Franchising must be paid via pre-authorized bank draft or in any other manner that Bombs Away Franchising may require. Franchisees must comply with Bombs Away Franchising's payment instructions.
While the FDD does not specify the acceptable payment methods for the initial franchise fee, it does state that the initial franchise fee is due upon signing the Franchise Agreement. This fee is non-refundable.
Prospective franchisees should confirm with Bombs Away Franchising the accepted payment methods for the initial franchise fee to ensure compliance and avoid any delays in the franchise process. Understanding the accepted payment methods is crucial for a smooth and timely franchise launch.