What is the definition of ACH transfer for Chesters?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
as we deem appropriate regarding the Restaurant's operation and new developments, techniques, and improvements in areas of Restaurant management, food preparation, sales promotion, and service.
5. Fees.
- (a) Training Fee. You must pay us a $3,500 training fee, due upon the Effective Date of this Agreement. The training fee is not refundable under any circumstances, as it is earned upon receipt. Payment is due by credit card or automated clearing house ("ACH") transfer (and you must sign our payment authorization form attached to this Agreement as Exhibit A).
- (b) Marketing Support Fee. You must pay us a $200 fee four (4) times per year on the dates we designate for a combination of physical marketing materials that we will prepare and periodically send to you, as well as digital marketing campaigns designed to build brand awareness and drive traffic to the Location. Payment is due by credit card or ACH transfer.
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
The 2025 Chesters Franchise Disclosure Document mentions ACH (Automated Clearing House) transfer as a method of payment, but it does not provide a specific definition of what an ACH transfer is.
However, the FDD does state that for certain fees, such as the $3,500 training fee, marketing support fee, and POS Technology fee, payment is due by credit card or ACH transfer. It also mentions that the franchisee must sign a payment authorization form attached to the agreement as Exhibit A. This suggests that Chesters uses ACH transfers as a standard method for franchisees to remit payments for various fees and costs associated with operating the franchise.
To fully understand the specifics of how Chesters handles ACH transfers, a prospective franchisee should ask Chesters for a detailed explanation of the process, including the necessary forms, timing of payments, and any associated fees or requirements. Understanding these details is crucial for managing the financial aspects of the franchise and ensuring timely payments to the franchisor.