Can Dermani Medspa obtain payment for fees due via electronic fund transfer?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchised Business and Medspa for compliance with OSHA. |
Notes:
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- All fees are imposed by and are payable to us. All fees are uniformly applied to new system franchisees and are non-refundable. However, in cases and circumstances in which it may be appropriate or necessary to do so, we reserve the right to modified some of these fees for a particular franchisee. It is your sole responsibility to ensure your full compliance with applicable federal and state laws and regulations, including, without limitation, those regarding the payment of fees to us. We reserve the right to obtain payment from you for all fees due to us by way of an electronic fund transfer (or EFT) procedures, described in Note 2 below.
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- The royalty fee will be 5% of the Gross Revenue of the Franchised Business (the "Royalty Fee") each Week during the term of the Franchise Agreement, including any renewal term.
"Gross Revenue" of the Franchised Business means all of the dermani MEDSPA'®s revenue generated from the sale of all medical spa and cosmetic services related to skin rejuvenation, cosmetic injectables, laser hair removal treatments, membership fees, and all other products and services offered at or from the dermani MEDSPA®, and all other income of every kind and nature related to, derived from, or originating from the dermani MEDSPA®, whether at retail or wholesale, including off-premises services, mobile clinics, and temporary locations (whether these sales are permitted or not), and proceeds of any business interruption insurance policies, whether any of the products or services are sold for cash, check, or credit, and regardless of collection in the case of check or credit; except that "Gross Revenue" excludes any tips received by staff or personnel who will provide the actual medical services, clients customer refunds, discounts from coupon sales, sales taxes, and/or other taxes collected from customers by you and actually transmitted to the appropriate taxing authorities.
Source: Item 6 — OTHER FEES (FDD pages 14–20)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, Dermani Medspa has the right to obtain payments for all fees due via electronic fund transfer (EFT). The Royalty Fee and System Marketing Fee payments must be made via EFT. Franchisees are required to establish an appropriate EFT and sign the authorization forms specified by Dermani Medspa. Franchisees must submit a report of Gross Revenue and other sales and operating data by close of business on Tuesday, for the Week ending the immediately preceding Sunday. Dermani Medspa will then draft from the franchisee's designated bank account on Wednesday.
Dermani Medspa may draft funds from the franchisee's account based on written or electronically delivered or polled reports. If a franchisee fails to make payments on time, Dermani Medspa may require future payments to be made by certified, bank, or cashier's check, or another form of payment that they specify.
The standard industry practice is for franchisors to have multiple options for franchisees to pay fees, including electronic funds transfer, Automated Clearing House (ACH) payments, or checks. Dermani Medspa's policy of primarily using EFT is not unusual, as it allows for timely and accurate payments.