When are royalty fees due to Caring Senior Service?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Marketing Fee | 2% of Gross Billings | Payable at the same time and in the same manner as the Royalty Fee | See Item 11. |
Source: Item 6 — OTHER FEES (FDD pages 12–17)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the timing of royalty fee payments is tied to the marketing fee. The marketing fee, set at 2% of Gross Billings, is payable at the same time and in the same manner as the royalty fee. While the specific due date for the royalty fee isn't explicitly stated in this excerpt, it is clear that both fees are linked and follow the same payment schedule.
Item 6 includes a note specifying that if Caring Senior Service is unable to access the Gross Billings amount for your business, or if you fail to submit your report, they may debit your account for 120% of the most recently debited Royalty Fee and Marketing Fee. Once the true Gross Billings are determined, any balance owed will be debited, or any excess will be credited against the following period's debit.
Prospective franchisees should clarify the exact due dates and methods for reporting Gross Billings and paying royalty fees with Caring Senior Service during their due diligence. Understanding these payment terms is crucial for managing cash flow and avoiding potential penalties or discrepancies in billing.