When is the 'Insufficient Funds' fee due for a Burneys Sweets More franchise?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds | $25 plus any fee charged us for uncollected funds. | Upon notice | Failure to have sufficient funds available for payments to us. |
Source: Item 6 — OTHER FEES (FDD pages 11–17)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the insufficient funds fee is due upon notice. This fee is incurred if a franchisee fails to have sufficient funds available for payments to Burneys Sweets More. The amount of the fee is $25, plus any additional charges that Burneys Sweets More incurs due to the uncollected funds.
This means that if a franchisee's payment to Burneys Sweets More is rejected due to insufficient funds, the franchisee will be required to pay the $25 fee, as well as cover any bank fees or other charges that Burneys Sweets More is charged as a result of the failed payment. The franchisee is responsible for ensuring that sufficient funds are available in their account to cover all payments to Burneys Sweets More.
It is important for prospective franchisees to understand all the fees associated with operating a Burneys Sweets More franchise, including the circumstances under which these fees are charged. Maintaining sufficient funds to cover payments is a basic requirement, and failure to do so can result in additional expenses.