When is the Crawlspace Medic Digital Marketing Services Fee due?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee 1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Digital Marketing Services Fee | $750 | Monthly, at the same time and in the same manner as the first Continuing Royalty Fee and Brand Development Fund Contribution due for the month. | Payable to us |
Source: Item 6 — OTHER FEES (FDD pages 10–16)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the Digital Marketing Services Fee is due monthly. Specifically, it is due at the same time and in the same manner as the first Continuing Royalty Fee and Brand Development Fund Contribution for the month. The amount of the Digital Marketing Services Fee is $750.
This means that as a Crawlspace Medic franchisee, you will need to budget $750 per month for digital marketing services, in addition to your royalty and brand development fund contributions. These fees are payable directly to Crawlspace Medic. It is important to note that these fees are nonrefundable, as stated in Item 6 of the FDD.
Missing the due date for the Digital Marketing Services Fee can result in additional charges. The FDD states that interest will be charged at a rate of 1.5% per month, or the highest rate allowed by law, on any unpaid or underpaid amounts. Additionally, a late fee of $100 may be charged for failing to pay the Continuing Royalty Fee or Brand Fund Fee when due.