When is the late reporting/dishonored payment fee payable to 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, a late reporting/dishonored payment fee of $45.00 is payable when a franchisee fails to report their Gross Sales on time, or when their payment is dishonored or returned. Franchisees must report their Gross Sales by 5 PM eastern time on the first Wednesday of each month. If any payment tendered to Canine Dimensions is not honored for any reason, the franchisee must pay this fee.
This means that if a Canine Dimensions franchisee misses the deadline for reporting Gross Sales or if a payment to Canine Dimensions is rejected by the bank, the franchisee will immediately owe Canine Dimensions $45.00. This fee is in addition to any other amounts that may be owed, such as royalties or other fees.
It is important for prospective Canine Dimensions franchisees to understand the due dates for all fees and to ensure that they have sufficient funds in their account to cover any payments to Canine Dimensions. Setting up reminders and ensuring timely reporting and payments can help franchisees avoid incurring this fee. Franchisees should also be aware of the specific time zone (Eastern Time) for the Gross Sales reporting deadline to avoid late submissions.