What is the Non-Sufficient Funds Fee for a Cilantro Taco Grill franchise, as amended for Minnesota franchisees?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
visions are hereby deleted.
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- To the extent of any inconsistencies, Section 5.3 of the Franchise Agreement is hereby amended to state:
"Except in certain specified cases as set forth
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to the 2024 Cilantro Taco Grill Franchise Disclosure Document, the standard non-sufficient funds (NSF) fee is $250.00 per occurrence. However, for franchisees in Minnesota, this fee is amended to $30.00 per occurrence. This amendment is specifically outlined to address inconsistencies with Section 6.5 of the Franchise Agreement for Minnesota franchisees.
For a prospective Cilantro Taco Grill franchisee in Minnesota, this means a significantly lower fee will be charged for any returned checks or denied electronic funds transfers due to insufficient funds, compared to franchisees in other states. This could be a notable financial benefit, especially for new businesses that may occasionally face cash flow challenges.
It is important for potential franchisees to understand these state-specific amendments, as they can impact the overall cost of operating a Cilantro Taco Grill franchise. Franchisees should carefully review Item 23 of the FDD and any state-specific addenda to fully understand their rights and obligations.