If the Hydrodog Payment Day falls on a national holiday, when is the payment due?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
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- We will designate the day of the week (the "Payment Day") the payments are due. Currently, 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. We require you to pay all payments due us by electronic funds transfer. You agree to comply with the procedures we specify in our Manuals and perform such acts and sign and deliver such documents as may be necessary to accomplish payment by this method. On the Payment Day, you will report to us by telephone, internet, intranet or electronic means or on written form, as we direct, your HydroDog Business' true and correct Gross Sales for the immediately preceding week. You will make the funds available in the Account for withdrawal by electronic transfer no later than the Payment Day.
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the standard Payment Day for fees is Monday of each calendar week, covering the previous week's gross sales. However, if that Monday falls on a national holiday, Hydrodog requires that the payment is due on the first weekday following the national holiday.
This means that franchisees need to be aware of national holidays and plan their payments accordingly to avoid late fees or other penalties. Since Hydrodog requires payments via electronic funds transfer, franchisees should ensure that the funds are available in their account for withdrawal on the adjusted payment date.
It is important for prospective Hydrodog franchisees to understand these payment terms and factor them into their financial planning. Being aware of the payment schedule and the impact of national holidays will help franchisees maintain a good financial standing with Hydrodog and avoid any unnecessary fees or complications.