Is a Hydrodog franchisee required to complete an EFT authorization?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
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Explanatory Notes
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- All fees paid to us or our affiliates are uniform and non-refundable under any circumstances once paid. Fees paid to vendors or other suppliers may be refundable depending on the vendors and suppliers. We currently require you to pay fees and other amounts due to us or our affiliates via electronic funds transfer ("EFT") or other similar means. You are required to complete our thencurrent, EFT authorization. All fees are current as of the Issuance Date of this Franchise Disclosure Document. Certain fees that we have indicated may increase over the term of the Franchise Agreement.
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- "Gross Sales" are defined in the Franchise Agreement as all revenue you derive from operating the Business, including, but not limited to, all amounts you receive at or away from the HydroDog Vehicle from any Services, Products or activities whatsoever including any that are in any way associated with the Marks, Copyrights or System, and whether from cash, check, barter, credit or debit card or credit transactions, including the redemption value of gift certificates redeemed by you regardless of whether such gift certificates are issued by you or someone else; but excluding: (1) all federal, state or municipal sales, use or service taxes collected from customers and paid to the appropriate taxing authority; and (2) customer refunds, adjustments, credits and allowances actually made by your HydroDog Business, provided that such refunds, adjustments, credits and allowances are documented and verifiable.
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Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, franchisees are required to complete an Electronic Funds Transfer (EFT) authorization. Hydrodog requires franchisees to pay fees and other amounts due to them or their affiliates via EFT or similar means. Franchisees must complete Hydrodog's current EFT authorization form.
Hydrodog designates a specific day of the week, referred to as the "Payment Day," for when payments are due. Currently, the Payment Day is Monday of each calendar week for the previous week. If the Payment Day falls on a national holiday, the payment is due on the first weekday following the national holiday. Franchisees are required to pay all payments due to Hydrodog by electronic funds transfer.
To facilitate this process, Hydrodog franchisees must comply with the procedures specified in the manuals and sign and deliver the necessary documents to enable payment via EFT. On the Payment Day, franchisees must report their HydroDog Business's true and correct Gross Sales for the immediately preceding week through telephone, internet, intranet, electronic means, or written form, as directed by Hydrodog. Franchisees must ensure that the funds are available in the designated account for withdrawal by electronic transfer no later than the Payment Day.