What is the insufficient funds fee for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Name of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Insufficient Funds Fee | $100 per occurrence | As incurred | Payable if any check or EFT payment is not successful due to insufficient funds, stop payment, or any simi |
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 charged to franchisees. This fee is incurred if any check or EFT payment is not successful due to insufficient funds, a stop payment order, or any similar event. The fee is payable as incurred.
For a prospective Crepe De Licious franchisee, this means that if a payment to the company is rejected by the bank due to lack of funds or a stop payment, they will be assessed a $100 fee for each occurrence. This is in addition to the original payment that is still owed.
Franchisees should ensure they have sufficient funds available when payments are due to avoid incurring this fee. Setting up payment alerts or maintaining a buffer in the account can help prevent such situations. This fee is relatively standard in franchising, as it covers the administrative costs associated with handling failed payments.