What happens if a transfer from a Burneys Sweets More franchisee's account is refused?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
"). If a transfer from Franchisee's Account is refused, an administrative fee of Twenty-Five Dollars ($25) may be assessed, as well as reimbursement to Franchisor of any fee its bank charges for uncollected deposit fu
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, if a transfer from a franchisee's bank operating account is refused, Burneys Sweets More may assess an administrative fee of $25. Additionally, the franchisee will be responsible for reimbursing Burneys Sweets More for any fees its bank charges for uncollected deposit funds.
This policy ensures that Burneys Sweets More is compensated for the administrative costs and bank charges incurred due to the refused transfer. It also incentivizes franchisees to maintain sufficient funds in their accounts to cover the fees owed to Burneys Sweets More.
For a prospective Burneys Sweets More franchisee, this means it's crucial to manage their account diligently to avoid refused transfers. This includes ensuring sufficient funds are available to cover fees on the due dates and promptly addressing any issues with the bank account to prevent disruptions in payments to Burneys Sweets More. Failure to do so can result in additional fees and potential complications with the franchisor.