factual
When is the fee for Endless Summer Sweets curing a franchisee's non-compliance due?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Our out-of-pocket | When billed | We may cure your non-compliance on | |
| costs and internal | your behalf (for example, if you do not | ||
| cost allocation, plus | have required insurance, we may purchase | ||
| 10% | insurance for you), and you will owe our | ||
| costs plus a 10% administrative fee. |
Source: Item 7 — Estimated Initial Investment (FDD pages 10–14)
What This Means (2024 FDD)
According to the 2024 Endless Summer Sweets Franchise Disclosure Document, if Endless Summer Sweets cures a franchisee's non-compliance, the franchisee must pay Endless Summer Sweets' out-of-pocket costs and internal cost allocation, plus 10%.
For example, if a franchisee does not have the required insurance, Endless Summer Sweets may purchase it for them. The franchisee will then owe Endless Summer Sweets for the cost of the insurance, plus a 10% administrative fee.
The fee for curing a franchisee's non-compliance is due when billed.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.