Under what conditions can Focalpoint Coaching increase the fee for late report submissions?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
hise Agreement. This Rider is being signed because (a) the Franchised Business that you will operate under the Franchise Agreement will be located in Minnesota; and/or (b) any of the offering or sales activity relating to the Franchise Agreement occurred in Minnesota.
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- Initial Fees. The following language is added to the end of Sections 3.A and 4.A of the Franchise Agreement:
Despite the payment provisions above, we will defer payment of initial fees owed by you to us
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
Based on the 2025 Focalpoint Coaching Franchise Disclosure Document, there is no information provided regarding the conditions under which Focalpoint Coaching can increase the fee for late report submissions. The document does mention an insufficient funds processing fee in the Minnesota addendum, where Focalpoint Coaching will charge a $30 processing fee if there are insufficient funds to cover an amount owed or if a check is returned due to insufficient funds. However, this is not related to late report submissions.
Since the FDD does not specify any conditions for increasing fees for late report submissions, it is important for potential franchisees to discuss this topic directly with Focalpoint Coaching. Understanding the specific circumstances under which these fees could change is crucial for financial planning and operational expectations.
Prospective franchisees should inquire about the initial amount of late fees, the frequency of report submissions, and the exact conditions that would trigger an increase in the late fee. This information will help in making an informed decision about investing in a Focalpoint Coaching franchise.