When is the Deck Medic National Advertising Fund fee due each month?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Remarks | ||
| (Note 1) | |||
| Royalty (Note 2 and 3) | 6% of Gross Sales | Monthly on the second Wednesday of each month | Will be debited automatically from your bank account by ACH or other means designated by us. |
| National Advertising Fund (Note 4) | Up to 2% of Gross Sales, currently 1% of Gross Sales | Monthly on the second Wednesday of each month | We have established a national advertising fund and the current national advertising fund fee is 1% of Gross Sales. |
Source: Item 6 — OTHER FEES (FDD pages 11–15)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the National Advertising Fund fee is due monthly on the second Wednesday of each month. This fee is currently 1% of Gross Sales, although the FDD states it can be up to 2%.
This means that as a Deck Medic franchisee, you must ensure that 1% of your gross sales is available for payment on the second Wednesday of each month. The funds will be debited automatically from your bank account via ACH or another method designated by Deck Medic. Gross Sales include all revenue from your Deck Medic business, with specific inclusions and exclusions outlined in Note 3 of Item 6.
It is important to note that Deck Medic requires you to deposit your Gross Sales into a designated bank account that is subject to their ACH authorization. Additionally, you are responsible for any bank service charges related to these electronic debits. Therefore, franchisees should factor these payment terms and potential bank fees into their financial planning.