factual

How are amounts due to Boulder Designs for equipment and supplies to be paid?

Boulder_Designs Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisor has sole discretion to determine and change the method by which Franchisee pays to Franchisor amounts due to Franchisor under this Agreement, which may include collecting payments through Franchisee's billing and collection agent. Currently, Franchisor requires all Royalty Fees and other amounts due from Franchisee to Franchisor to be paid either (a) through an Electronic Depository Transfer Account

Source: Item 22 — CONTRACTS (FDD page 50)

What This Means (2025 FDD)

According to Boulder Designs' 2025 Franchise Disclosure Document, the method of payment for amounts due to Boulder Designs is determined and can be changed at the sole discretion of Boulder Designs. Currently, Boulder Designs requires that all Royalty Fees and other amounts due from the franchisee be paid either through an Electronic Depository Transfer Account.

This means that as a Boulder Designs franchisee, you must be prepared to make payments via electronic transfer, and you should be aware that Boulder Designs can change the required payment method. It is important to stay informed of any changes to payment procedures to avoid late fees or other penalties.

While the FDD excerpt specifies the payment method for Royalty Fees and other amounts, it does not explicitly detail the payment terms or financing options available for the initial purchase of equipment and supplies from Boulder Designs. A prospective franchisee should clarify with Boulder Designs the payment schedules, accepted payment methods (beyond electronic transfer), and any potential financing plans for the initial investment in required equipment and supplies.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.