What payment methods are acceptable for the Initial Fees to City Wide?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must pay by certified or cashier's check, or by other payment methods as designated at CITY WIDE's sole and absolute right, the receipt of which CITY WIDE acknowledges by signing this Agreement. CITY WIDE will credit Franchisee with any deposit Franchisee paid within thirty (30) days immediately before the date of this Agreement Franchisee previously or contemporaneously paid CITY WIDE under any Deposit Agreement concerning the Franchised Business
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the acceptable payment methods for the initial franchise fee are by certified or cashier's check, or by other payment methods designated by City Wide. The initial fees include the initial franchise fee of $70,000, an initial training fee of $7,500, an initial territory fee, and a Technology Provisioning Fee of $12,500.
This means that a prospective City Wide franchisee must be prepared to pay the initial fees via certified or cashier's check, unless City Wide specifies other acceptable methods. It is important for the franchisee to clarify with City Wide all acceptable payment methods to ensure compliance and avoid any delays in the franchise process.
If a franchisee is late on any two payments of any Royalty Fee, Marketing Fee, or any other fees, City Wide may require all subsequent payments to be made via direct deposit, bank draft, automatic electronic transfer, wire transfer, or other similar means of payment. City Wide is also authorized to send a bank wire deducting the amount of such fees from the franchisee's bank account and deposit such fees in City Wide's bank account. In the case of such bank transfers, City Wide is entitled to recover from the franchisee City Wide's costs in sending the bank draft, wire, or electronic transfer fee. If the bank draft, wire, or electronic transfer is returned for insufficient funds, City Wide may charge the franchisee a service charge of ten percent of the bank draft or wire in addition to any transfer fees and costs incurred.