When is the Late Report Fee due to Cinnaholic?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Report Fee | $100 per occurrence | Immediately on demand | We may require you to pay us $100 each time you fail to submit to us any required reports or information. |
Source: Item 6 — OTHER FEES (FDD pages 13–17)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the Late Report Fee of $100 is due immediately on demand. This fee is incurred each time a franchisee fails to submit required reports or information to Cinnaholic. This means that if a franchisee misses a reporting deadline, Cinnaholic can immediately demand payment of the $100 fee.
Franchisees should be aware of all reporting requirements and deadlines to avoid incurring this fee. Maintaining accurate records and submitting reports on time are crucial for compliance with the franchise agreement. The Operations Manual will likely contain more specific information regarding required reports and deadlines.
It is common practice in franchising for franchisors to impose fees for late or non-compliant reporting to ensure consistency and accountability across all franchise locations. Franchisees should factor in the potential for such fees when assessing the overall costs of operating a Cinnaholic franchise.