When is the fee for failure to submit required reports due to Focalpoint Coaching?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
funds. |
| Column 1 | Column 2 | Column 3 | Column 4 |
|---|---|---|---|
| Type of Fee(1) | Amount | Due Date | Remarks |
| Failure to Submit Required Reports | $75 | As incurred | If you fail to send us the reports required by the Franchise Agreement, we may debit your account this amount on the 5th day of the month following your fa |
Source: Item 6 — Other Fees (FDD pages 14–20)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the fee for failure to submit required reports is due 'as incurred.' Specifically, if a franchisee fails to send the reports required by the Franchise Agreement, Focalpoint Coaching may debit the franchisee's account $75 on the 5th day of the month following the failure to submit the required reports.
This means that a Focalpoint Coaching franchisee needs to be diligent in submitting all required reports on time to avoid this fee. The fee is relatively modest at $75, but it is an avoidable expense. Consistent failure to submit reports could indicate a larger problem with the franchisee's business management or compliance with the franchise agreement, which could lead to further action from Focalpoint Coaching.
Franchisees should ensure they understand exactly what reports are required, the deadlines for submission, and the method for submitting them. Setting up reminders or creating a checklist can help ensure timely submission and avoid the $75 fee. It is also important to maintain open communication with Focalpoint Coaching to clarify any uncertainties regarding reporting requirements.