factual

What is the process for a Brain Balance franchisee to make royalty payments to the franchisor?

Brain_Balance Franchise · 2025 FDD

Answer from 2025 FDD Document

13. Accounting

    1. Accounting
      1. Accounting Approval Form
    1. Creating an Invoice
      1. Invoicing Guide
      1. Invoicing MTD Report
      1. Royalty Report
    1. Reconciliation
      1. Creating a Case
    1. Royalty Payments to Franchisor
    1. Advertising Fund Payments to Franchisor
    1. Ad Fund Contribution
    1. Gross Revenue
    1. Bounced Payment Policy
      1. Fee Schedule
    1. Business Record Retention
    1. PCI Compliance
      1. Insurance Chapter
    1. Fees
      1. CRM Fee
      1. Annual Software Maintenance Fee
      1. Pass Through Fee Schedule
    1. Funding Resources
      1. YTS (Your Tuition Solution)
      1. Choice
    1. Stripe
    1. Audits
      1. Chart of Account
    1. Recommended Accounting Software
      1. Qvinci
      1. Quickbooks

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEM, AND TRAINING (FDD pages 36–47)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, specific details regarding the process for Brain Balance franchisees to make royalty payments to the franchisor are not explicitly detailed in the provided excerpts. However, Item 13, "Accounting," within Item 11, "Franchisor's Assistance, Advertising, Computer Systems, and Training," of the FDD mentions 'Royalty Payments to Franchisor' as a sub-section, suggesting that the document contains information on this process.

While the excerpt does not provide the exact steps for making royalty payments, it does list related accounting and payment topics covered in the operations manual, such as creating invoices, reconciliation, advertising fund payments, gross revenue calculation, and policies for bounced payments. This indicates that the FDD and related manuals provide guidance on financial matters related to franchise operations.

To understand the exact procedure for royalty payments, a prospective Brain Balance franchisee should consult the complete Franchise Disclosure Document and specifically review Item 13 and the referenced Operations Manual. It would be prudent to ask the franchisor directly about the methods of payment accepted (e.g., electronic transfer, check), the frequency of payments (e.g., weekly, monthly), and any penalties for late payments. Understanding these details is crucial for managing the financial obligations of the franchise.

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.