When is the Late Report Fee due for a Cinnaholic franchise?
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 is due immediately on demand. This means that if a Cinnaholic franchisee fails to submit required reports or information to the franchisor, they may be assessed a $100 Late Report Fee for each occurrence.
The franchisor can demand immediate payment of this fee. This is a fairly standard practice in franchising, as franchisors need timely and accurate data from franchisees to manage the brand effectively and ensure compliance with the franchise agreement. Franchisees should ensure they understand all reporting requirements and deadlines to avoid incurring this fee.
It is important for prospective Cinnaholic franchisees to note that this fee is in addition to any other penalties or consequences that may arise from failing to submit required reports. Consistent failure to comply with reporting requirements could potentially lead to further action by the franchisor, including fines or even termination of the franchise agreement.