How often is the Technology Fee for Cd One Price Cleaners paid?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 |
|---|---|---|---|
| Type of fee(1) | Amount | Due Date | Remarks |
| Technology Fee | 5% of Gross PUD Revenues | Weekly on the day of the week we specify | We may change these methods of calculating and paying this fee for you and all similarly situated CD Store franchisees upon 60 days' notice |
Source: Item 6 — Other Fees (FDD pages 13–20)
What This Means (2025 FDD)
According to Cd One Price Cleaners's 2025 Franchise Disclosure Document, the Technology Fee is paid weekly. The amount of the Technology Fee is 5% of Gross PUD Revenues. The due date is weekly on the day of the week that Cd One Price Cleaners specifies.
Cd One Price Cleaners retains the right to modify the calculation and payment methods for this fee, providing franchisees with a 60-day notice before implementing any changes. This means that while the fee is currently a percentage of revenue paid weekly, Cd One Price Cleaners could alter this arrangement in the future.
For a prospective franchisee, this weekly Technology Fee represents an ongoing operational expense that must be factored into their financial projections. The fact that the franchisor can change the payment terms with 60 days' notice introduces a degree of uncertainty, requiring franchisees to stay informed of any potential adjustments to their financial obligations.