How often is the C3 Wellness Spa Royalty Fee paid?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
On-Going Obligation: The Royalty Fee is an on-going obligation due from Franchisee to Franchisor, is payable in United States Dollars and, as designated by Franchisor, is to be calculated and paid weekly, unless another recurring Accounting Period is designated by Franchisor, on the Gross Sales for the previous weekly Accounting Period for each and every week throughout the Term of this Agreement and any applicable renewal term.
Payment and Due Date: Royalty Fee payments will be paid weekly and sent by ACH, electronic funds transfer, or as otherwise designated by Franchisor and shall be due on the Tuesday of each weekly Accounting Period, for the preceding week and each week thereafter throughout the entire Term of this Agreement, or such other specific day of the week that Franchisor designates from time to time or for such other period that Franchisor may designate (the "Due Date").
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the Royalty Fee is an ongoing obligation, payable in United States Dollars. Unless the Franchisor designates another recurring Accounting Period, the Royalty Fee is calculated and paid weekly.
Specifically, the royalty fee is based on Gross Sales for the previous weekly Accounting Period for each and every week throughout the Term of the Franchise Agreement and any applicable renewal term.
The C3 Wellness Spa franchisee must pay the royalty fee weekly by ACH, electronic funds transfer, or as otherwise designated by Franchisor. The payment is due on the Tuesday of each weekly Accounting Period, for the preceding week and each week thereafter throughout the entire Term of this Agreement, or such other specific day of the week that Franchisor designates from time to time or for such other period that Franchisor may designate.