When are the annual dues for Bw Premier Collection established, billed, and payable?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Annual dues are established, billed and payable each year for continuing membership during the succeeding year.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, annual dues are established, billed, and payable each year for continuing membership during the succeeding year. This means that the amount of the annual dues is determined each year by the membership and the Board of Directors. Franchisees are then invoiced for these dues, and payment is due within the same year, ensuring that the Bw Premier Collection receives payment for the upcoming year of membership.
For a prospective Bw Premier Collection franchisee, this indicates that annual dues are not a fixed amount but can vary from year to year. The franchisee needs to budget for potential fluctuations in these dues. It is common practice in franchising for annual fees to be subject to change, as they often reflect the franchisor's costs for providing ongoing support and services.
Furthermore, the FDD states that if a member resigns or is terminated, all fees and dues become immediately due and payable per the terms of the applicable contract. This highlights the importance of understanding the specific terms of the franchise agreement regarding payment obligations upon termination or resignation. Franchisees should be aware of these financial implications should they decide to leave the Bw Premier Collection system.