When is the minimum Royalty Fee payment due for an Expense Reduction Analysts franchise?

According to the 2025 Expense Reduction Analysts Franchise Disclosure Document, the Minimum Royalty Fee payment terms are payable to Expense Reduction Analysts in advance by direct debit within eight (8) days of each Month during the term.

Expense Reduction Analysts also calculates a regular Royalty Fee, which is the greater of 15% of Net Cumulative Receipts for the immediately preceding calendar month, or a set minimum monthly fee. For the first 36 months after the Commencement Date, the minimum is $1,024.00 per month, increasing to $1,280.00 per month thereafter. This minimum may be adjusted annually based on the Consumer Price Index (CPI).

Expense Reduction Analysts offers a Centralized Billing Service. If this service is used, payments from clients are deposited into a Centralized Billing Account. On the 10th day of each month (or the next business day), Expense Reduction Analysts will pay the franchisee the Net Cumulative Receipts, after deducting the Royalty Fee and Marketing Fund Contribution. The Royalty Fee will be offset against the Minimum Royalty Fee, with the reconciliation period being the year.

In summary, the minimum royalty fee is due in advance by direct debit within eight days of each month. However, if the Centralized Billing Service is in place, the royalty fee is deducted from client payments made into the Centralized Billing Account on the 10th of each month, and this amount is reconciled against the minimum royalty fee annually.