What is the fee for Focalpoint Coaching franchisees who fail to submit required reports?
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, a franchisee will be charged $75 for failing to submit required reports. This fee is incurred each time a franchisee fails to submit the necessary reports as outlined in the Franchise Agreement.
This fee is due as incurred, meaning it is charged when the failure to submit reports occurs. Focalpoint Coaching may debit the franchisee's account for this amount on the 5th day of the month following the failure to submit the required reports.
It is important for prospective Focalpoint Coaching franchisees to understand the reporting requirements detailed in the Franchise Agreement and to ensure timely submission of all required reports to avoid incurring this fee. This is a fairly standard practice in franchising, as franchisors rely on franchisee reports for performance monitoring and brand consistency.