What is the due date for the Boulder Designs National Accounts Fee, specifically?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount1 | Due Date | Remarks |
|---|---|---|---|
| National Accounts Fee3 | 20% of Gross Revenues4 | On or around the first day of each month |
Note 4. "Gross Revenues" means the aggregate of all income and monthly fees Franchisee receives from customers for the purchase or provision of any goods or services, including enrollment fees, or any other person or business entity for the Franchised Business in connection with the Franchised Business (whether or not in accordance with the terms of the Franchise Agreement) and whether for check, cash, credit or otherwise, from the sale of products and services (including service charges in lieu of gratuity) regardless of the dollar amount Franchisee sells each product or service for, including, without limitation, all proceeds from any business interruption insurance and any revenue generated from National Accounts, but excluding (a) all insurance payments, check, cash, credit or debit card refunds made in good faith provided, prior to granting the refunds, the revenue related to the refunds was included in Gross Revenues, (b) any sales and equivalent taxes that Franchisee collects for or on behalf of and pay to any governmental taxing authority, and (c) any rebate Franchisee receives from a manufacturer or supplier.
Source: Item 6 — OTHER FEES (FDD pages 11–16)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the National Accounts Fee is due on or around the first day of each month. This fee is 20% of Gross Revenues. Gross Revenues include all income received from customers for goods and services, including revenue from National Accounts.
For a prospective Boulder Designs franchisee, this means that if they participate in the National Accounts program, they will need to remit 20% of the gross revenues earned from those accounts to Boulder Designs around the first of each month. It is important to note that the National Accounts Fee is separate from the 15% fee associated with National Accounts projects assigned to a franchisee's territory, as mentioned in Note 3. However, gross revenue collected for the National Headstone Program is not subject to the 15% National Accounts Fee.
Franchisees should carefully track their gross revenues from National Accounts to ensure accurate and timely payment of this fee. Failing to pay on time could result in late fees or other penalties as outlined elsewhere in the Franchise Agreement. It is also important to understand what constitutes "Gross Revenues" as defined in the FDD, to ensure accurate calculation of the fee. Boulder Designs franchisees should also be aware of the conditions under which they may be required to participate in the National Accounts program and the implications of choosing not to participate.