For Clear Pest Pros, when are monthly royalty reports due?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
For purposes of paying the Royalty, monthly reports are due by the 5th day of each month and payment is due on the 10th.
Source: Item 6 — OTHER FEES (FDD pages 20–28)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, franchisees must submit monthly royalty reports by the 5th day of each month. Payment for these royalties is then due on the 10th of the same month. This means Clear Pest Pros requires franchisees to report their gross sales and remit the associated royalty fees within a relatively short timeframe.
Clear Pest Pros franchisees should be aware of these deadlines to avoid late fees. The FDD also mentions that Clear Pest Pros is authorized to debit the franchisee's checking account automatically for all fees due, as outlined in Exhibit D of the Franchise Agreement. This automatic debit system underscores the importance of ensuring sufficient funds are available to cover the royalty payments by the 10th of each month.
Missing the report deadline results in a Late Report Fee of $20 per day that the report is late, which is debited automatically the Friday after the report is late. Furthermore, a Late Payment Fee is assessed at 5% of the amount due or $50 per week, whichever is greater, if the royalty payment is not paid when due. This is also debited automatically on the Friday following the due date for each late payment. These fees can increase by up to 10% per year of the franchise term, so consistent and timely reporting and payment are crucial for maintaining a positive financial standing with Clear Pest Pros.