To whom should payments be made if they are to be sent to the Epcon Communities Franchisor?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
r Franchise Agreement with Franchisor as of May 1, 2023. Notwithstanding the foregoing, if the Franchisee (or a permitted assignee) under the Prior Franchise Agreement is in default of the Prior Franchise Agreement as of the Effective Date of this Agreement, Franchisor may elect to require Franchisee to pay the Initial Marketing Program Membership Fee, in accordance with this Section 7.4.
In addition, Franchisee shall pay to Franchisor, or to an entity designated by Franchisor that has been formed for the purpose of operating a franchise system level marketing program, a marketing program fee ("Marketing Program Fee") in the amount of Six Hundred Twenty-Five Dollars ($625) per month for each of Franchisee's Projects. The first Marketing Program Fee payment shall be due on the earlier of (i) the fifteenth day of the month for the month that is the nineteenth (19th) month from the Effective Date of this Agreement, or (ii) the fifteenth day of the month immediately following the month in which Franchisee requests to include its Epcon community on the Epcon Communities website (i.e., www.epconcommunities.com), or (iii) the fifteenth day of the month immediately following the month in which the Franchisee has its first closing on the sale of a Unit within the Project and shall c
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 Epcon Communities FDD, franchisees must make certain payments either to the franchisor, Epcon Communities Franchising, LLC, or to an entity designated by the franchisor. Specifically, the marketing program fee must be paid either to Epcon Communities Franchising, LLC, or to an entity designated by them for operating the franchise system's marketing program.
The marketing program fee is $625 per month for each of the franchisee's projects. The first payment is due on the earliest of three conditions: the fifteenth day of the nineteenth month from the agreement's effective date; the fifteenth day of the month after the franchisee requests to include their Epcon community on the Epcon Communities website; or the fifteenth day of the month after the franchisee's first closing on the sale of a unit within the project. Payments continue monthly until the project is completed.
Epcon Communities also has the right to withdraw the marketing program fee and all other fees owed to them from the franchisee's designated bank account each month via electronic funds transfer (EFT). This means franchisees need to ensure sufficient funds are available in the specified account to cover these fees when they are due. Franchisees should confirm the exact payment procedures and designated entities with Epcon Communities to ensure proper payment processing.