factual

What is the deadline for Exit to pay the Sponsoring Bonus if funds are not received electronically?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

If funds are received electronically the bonus is typically paid out within seven days.

In the rare event that the Company Development Fee is not received electronically, or the associate has not elected to receive the Sponsoring Bonus electronically, the corresponding Sponsoring Bonus will be paid out within 30 days.

Source: Item 23 — RECEIPT (FDD pages 42–235)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, if the Company Development Fee is not received electronically, or the associate has not elected to receive the Sponsoring Bonus electronically, the corresponding Sponsoring Bonus will be paid out within 30 days.

This means that Exit typically pays Sponsoring Bonuses via electronic funds transfer within seven days when possible. However, in situations where electronic transfer is not feasible, either because the Company Development Fee was not received electronically or the associate prefers not to receive the bonus electronically, Exit will issue the Sponsoring Bonus within 30 days.

For a prospective franchisee, this indicates that while Exit prefers electronic payments for faster processing, they also accommodate other payment methods. Understanding the circumstances under which non-electronic payments are made and the slightly longer processing time is important for managing expectations and financial planning.

Disclaimer: This information is extracted from the 2025 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.