When are Decorating Den Interiors service fees invoiced?
Decorating_Den_Interiors Franchise · 2025 FDDAnswer from 2025 FDD Document
ng calendar year.
We invoice Service Fees on the 15th and last day of each calendar month throughout the term of the Franchise Agreement and you will pay DDSI as stated in Section 7.1b of the Franchise Agreement. If you do not timely pay Service Fees or any other amount due us, you must pay us the total amount that is due plus the greater of (i) $50 or (ii) interest on the delinquent amount at a rate that is the lesser of 1.5% per month or the maximum rate allowed by law. In addition, you must pay DDSI's reasonable attorney's fees and court costs incurred in the collection of any payment or fee that is overdue. You must pay us Service Fees by automatic electronic payment from your bank. Service Fees are non-refundable. You must pay a fee of $25.00 for each payment you submit to us that is not honored or that is returned for insufficient funds. The term "Gross Sales" in general means the total amount billed in your retail sales orders, either oral or written, including any installation fees, freight, or other items billed to the customer, but does not include any sales tax, discounts, cancellations or returns allowed. See Section 3.5 of the Franchise Agreement for the defini
Source: Item 6 — Other Fees (FDD pages 14–18)
What This Means (2025 FDD)
According to Decorating Den Interiors' 2025 Franchise Disclosure Document, service fees are invoiced on the 15th and last day of each calendar month throughout the term of the Franchise Agreement. Franchisees are required to make payments as outlined in Section 7.1b of the Franchise Agreement.
If a franchisee fails to make timely payments for service fees or any other amounts due, they will incur additional charges. These include the total amount due, plus a penalty of either $50 or interest on the delinquent amount. The interest rate is the lesser of 1.5% per month or the maximum rate allowed by law. Additionally, the franchisee is responsible for covering Decorating Den Interiors' reasonable attorney's fees and court costs associated with the collection of any overdue payments or fees.
Decorating Den Interiors requires franchisees to pay service fees through automatic electronic payments from their bank accounts. Service fees are non-refundable. A fee of $25.00 is charged for each payment that is not honored or is returned due to insufficient funds. The service fees are initially 9% of gross sales and may decrease based on cumulative gross sales achieved.