What is the amount of the late reporting/dishonored payment fee for Canine Dimensions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Reporting / Dishonored Payment Fee | $45.00 | Payable when you fail to report your Gross Sales on time, or when your payment is dishonored or returned. | You must report your Gross Sales by 5 PM eastern time on the first Wednesday of each month. If any payment you tender to us is not honored for any reason, you must pay us this fee. |
Source: Item 6 — OTHER FEES (FDD pages 10–13)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the late reporting/dishonored payment fee is $45.00. This fee is payable if a franchisee fails to report their Gross Sales on time or if a payment is dishonored or returned.
The FDD specifies that franchisees must report their Gross Sales by 5 PM eastern time on the first Wednesday of each month. Therefore, it is important for franchisees to ensure timely reporting of sales figures to avoid incurring this fee. Additionally, franchisees should ensure that all payments made to Canine Dimensions are honored to avoid this fee.
This fee is relatively modest compared to some other potential fees outlined in the FDD, such as the transfer fee of $10,000 or potential liquidated damages for early termination. However, consistently incurring this fee could indicate underlying issues with financial management or reporting practices, which could lead to further scrutiny from Canine Dimensions.