What is the due date for the reimbursement fee charged by Chocolate Bash?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Reimbursement | Amount that we spend on your behalf, plus 10% | Within 15 days of invoice | If we pay any amount that you owe or are required to pay to a third party, you must reimburse us. |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, if Chocolate Bash pays an amount that a franchisee owes to a third party, the franchisee must reimburse Chocolate Bash. This reimbursement includes the amount Chocolate Bash spent on the franchisee's behalf, plus an additional 10%.
The reimbursement fee is due within 15 days of the invoice date. This means a Chocolate Bash franchisee has a little over two weeks to pay back any expenses Chocolate Bash covered for them, along with the 10% markup.
It is important for prospective franchisees to understand the circumstances under which Chocolate Bash might pay an amount on their behalf and how frequently this might occur. Franchisees should budget accordingly to ensure they can meet the reimbursement deadline to avoid any potential late fees or other penalties.