What triggers the late reporting/dishonored payment fee for a Canine Dimensions franchise?
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 $45.00 late reporting/dishonored payment fee is triggered when a franchisee fails to report their Gross Sales on time, or when a payment is dishonored or returned. Franchisees must report their Gross Sales by 5 PM eastern time on the first Wednesday of each month. The fee is also applied if any payment tendered to Canine Dimensions is not honored for any reason.
This fee is fairly standard in franchising. It incentivizes franchisees to submit financial reports promptly and ensure that their payments are processed without issues. Franchisees should mark their calendars with the Gross Sales reporting deadline to avoid this fee. They should also ensure sufficient funds are available in their account to cover any payments to Canine Dimensions.
It is important to note that "Gross Sales" for Canine Dimensions includes all revenue from the sale of services and all other income related to the Franchised Business, but does not include discounts or refunds provided to customers or sales or use taxes. Franchisees should be aware of what constitutes Gross Sales to ensure accurate reporting and avoid any discrepancies that could lead to penalties or fees.