When is the Temporary Management Fee due for a Bor Restoration franchise?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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- If you breach the Franchise Agreement, we may temporarily manage your Business and charge these fees and costs. We have the right to increase this fee by any amount without limitation. We will notify you 60 days before a new fee is to be collected.
Source: Item 6 — Other Fees (FDD pages 10–15)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, if a franchisee breaches the Franchise Agreement, Bor Restoration may temporarily manage the business and charge fees and costs. The FDD states that Bor Restoration has the right to increase this fee by any amount without limitation and will notify the franchisee 60 days before a new fee is to be collected.
While the document states that Bor Restoration may charge fees if they temporarily manage the business, the FDD does not specify a due date for the Temporary Management Fee.
A prospective Bor Restoration franchisee should inquire about the specific circumstances under which the Temporary Management Fee would be imposed, how the amount of the fee is determined, and when the fee is due.