What is the due date for the insufficient funds fee for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds Fee |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, an insufficient funds fee of $100 per occurrence is due as incurred. This fee is charged if any check or EFT payment from the franchisee is not successful due to insufficient funds, a stop payment, or any similar event.
For a prospective Crepe De Licious franchisee, this means that if a payment is returned for any of the reasons listed, they will immediately owe Crepe De Licious $100 in addition to the original amount. This fee is in place to cover the administrative costs Crepe De Licious incurs as a result of the failed payment.
Franchisees should ensure they maintain sufficient funds in their account to avoid incurring this fee. Paying close attention to account balances and setting up alerts can help prevent unintentional insufficient funds situations.