What happens to the Hydrodog royalty payment due date if it falls on a national holiday?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
ritory Fee shall not be prorated if the population of the additional territory is less than 50,000. The Additional Territory Fee is uniform, due in a lump sum, and fully earned and non-refundable upon payment.
- 6.3 Royalty. Beginning the first week following the week you open your HydroDog Business, and continuing throughout the remainder of the Term, you shall pay us a continuing nonrefundable weekly royalty fee ("Royalty(ies)") equal to the greater of (a) seven percent (7%) of Gross Sales or (b) two hundred fifty dollars ($250.00) per Territory.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the royalty payment due date is affected if it falls on a national holiday. The standard payment day for Hydrodog royalties is every Monday for the previous calendar week. However, if that Monday is a national holiday, the royalty payment due date is shifted to the first weekday following the national holiday.
This means that Hydrodog franchisees need to be aware of national holidays and plan their royalty payments accordingly. Instead of paying on Monday, they will need to ensure the payment is made on the next business day. This is a fairly standard practice in franchising, as it avoids complications with bank processing and ensures timely payments.
Failure to make timely royalty payments, even if due to a holiday, can lead to penalties or even termination of the franchise agreement. Therefore, Hydrodog franchisees should mark national holidays on their calendars and adjust their payment schedules to avoid any late payment issues. Keeping track of these dates and planning ahead is crucial for maintaining a good relationship with Hydrodog and adhering to the franchise agreement terms.