When do Carvel's payments for Comprehensive Support Fees commence after the Opening Date?

According to Carvel's 2025 Franchise Disclosure Document, payments for Comprehensive Support Fees will start on the Payment Date of the first full month following the store's Opening Date. The Payment Date is the same day of the month that royalties and other fees are drafted under the Franchise Agreement.

This means that if a Carvel store opens on any day of a given month, the franchisee will not be charged Comprehensive Support Fees for that partial month. Instead, the fees will begin to accrue and be drafted starting on the Payment Date of the next full month. For example, if a store opens on March 15th and the Payment Date is the 5th of each month, the franchisee's Comprehensive Support Fees will commence on May 5th.

Carvel requires franchisees to maintain sufficient funds in their Designated Bank Account to cover these Comprehensive Support Fees, which are drafted via electronic funds transfer. Franchisees should be aware of this payment schedule to ensure they have adequate funds available to avoid any penalties or disruptions.