When is the Reimbursement fee due to 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, the reimbursement fee is due within 15 days of the invoice date. This fee covers instances where Chocolate Bash pays an amount that a franchisee owes to a third party. In addition to the amount Chocolate Bash paid on the franchisee's behalf, the franchisee must also pay Chocolate Bash an additional 10% of that amount.
For a prospective Chocolate Bash franchisee, this means that if Chocolate Bash covers a payment to a third party on their behalf, the franchisee is obligated to reimburse Chocolate Bash for the original amount plus a 10% surcharge. This reimbursement must be made within 15 days of receiving the invoice from Chocolate Bash.
It is important for franchisees to maintain good financial standing and manage their obligations to third parties to avoid incurring these reimbursement fees. Failure to pay within the stipulated timeframe could potentially lead to further action from Chocolate Bash to recover the debt.