What is the current deadline for reporting Gross Sales to Canine Dimensions?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
following week. - 5.5.2.2 Debit Franchisee's account a non-refundable late reporting fee of forty-
five dollars ($45.00).
- 5.5.3 To encourage prompt and timely payment of the Royalty Fees and to cover the costs and expenses involved in handling and processing any payments not received by their due dates, Franchisee shall pay a fee of $45.00 for any ACH transfer that is returned by the bank, and shall also pay, upon demand, interest on any overdue amount equal to the lesser of: (i) one and one-half percent (1.5%) per month; or (ii) the highest rate permitted by law. Such charge shall accrue from the date payment was due until the date payment is actually received by Franchisor. Each failure by Franchisee to report its Gross Sales to Franchisor, or to pay the Royalty Fees or other payments payable to Franchisor when due, will be a material breach of this
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, franchisees are required to report their Gross Sales to Canine Dimensions. The document specifies that failure to report Gross Sales or pay Royalty Fees when due constitutes a material breach of the Franchise Agreement. However, the excerpt does not specify a particular deadline for reporting Gross Sales. It does note an exception if the lateness is a result of Canine Dimensions' failure to debit the franchisee's account in a timely manner.
Given the lack of a specific deadline in this section, it is important for prospective franchisees to seek clarification from Canine Dimensions regarding the exact reporting schedule for Gross Sales. Understanding the frequency and due dates for these reports is crucial for maintaining compliance with the Franchise Agreement.
Typically, franchisors require franchisees to report gross sales on a weekly or monthly basis, often tied to royalty fee payments. Therefore, a prospective Canine Dimensions franchisee should ask Canine Dimensions directly about the specific deadlines and procedures for reporting Gross Sales to avoid any potential penalties or breaches of contract.