Where are Royalty Fees and Advertising Fund Contributions payable for a Crepe De Licious franchise?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 8.03 Advertising Fund Contribution. During the term of this Agreement, we require you to pay us a continuing Advertising Fund Contribution equal to three percent (3%) of your Gross Revenues ("Advertising Fund Contribution").
- 8.04 Place and Method of Payment. You will pay us, without billing or demand, all Royalty Fees and Advertising Fund Contributions required by this Agreement are payable by the fifth day of each month. All fees and other payments due to us under this Agreement will be made to us at our headquarters in Ontario, Canada or as we otherwise specify in writing. We have the right to require you to transmit fees and other payments to us by means of electronic fund transfers, sweep accounts, Internet payment methods, or other methods in accordance with procedures that we may establish in the Operations Manual or otherwise specify in writing. If we require special means of payment, you will establish any required accounts and sign all documents reasonably required, and will otherwise cooperate with us, to effectuate these means (See Exhibit G of the Franchise Disclosure Document). If any payment is made to us by credit card for any fee required, we may charge a service charge of up to four percent (4%) of the total charge.
- 8.05 Late Fee and NSF Fee. If we do not timely receive any fee or any other amount due to us under this Agreement on or before the applicable due date, you will pay us a late fee equal to $100, plus the lesser of the daily equivalent of fifteen percent (15%) per year simple interest or the highest amount allowed under law, on any overdue amount for each day any amount is past due, accruing until the past due amount is paid in full. This provisio
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, all Royalty Fees and Advertising Fund Contributions must be paid by the fifth day of each month. These payments are to be made to Crepe De Licious at their headquarters located in Ontario, Canada, unless the franchisor specifies otherwise in writing.
Crepe De Licious has the right to require franchisees to use electronic fund transfers, sweep accounts, Internet payment methods, or other methods for these payments, as outlined in the Operations Manual or specified in writing. Franchisees are expected to establish any required accounts and sign necessary documents to facilitate these payment methods.
If a franchisee chooses to make a payment via credit card, Crepe De Licious may charge a service fee of up to four percent (4%) of the total charge. Late payments are subject to a fee of $100, plus interest calculated as the lesser of 15% per year or the highest amount allowed by law. Additionally, a $100 fee will be charged for any dishonored payments to cover bank charges and administrative expenses.