What is the Hydrodog late payment fee?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee(1) | Amount(4) | Due Date | Remarks |
|---|---|---|---|
| Late Payment Fee | 10% of the amount due, or the maximum allowable by law | As incurred | Payable on all amounts paid after the date such payment is due. |
Source: Item 6 — OTHER FEES (FDD pages 12–16)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, if a franchisee makes a payment after its due date, Hydrodog charges a late payment fee. This fee is 10% of the amount due, or the maximum amount allowable by law. This fee is payable as incurred.
This means that if a Hydrodog franchisee is even one day late on a payment, they will be assessed this late fee. For example, if a franchisee owes Hydrodog $1,000 and pays it late, they will owe an additional $100 (10% of $1,000) as a late fee, assuming that 10% does not exceed the maximum amount allowable by law.
Franchisees should be aware of Hydrodog's payment policies and ensure that all payments are made on time to avoid incurring these late fees. It is also important to understand what the maximum allowable late fee is in their jurisdiction, as this could potentially be lower than the 10% stated in the FDD.