When is the audit fee due to Kitchen Solvers?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount (See Notes) | Due Date | Remarks |
|---|---|---|---|
| Audit | Will vary under circumstances (generally $500 to $2,000). | 30 days after inspection or audit | See Note 7. |
Source: Item 6 — OTHER FEES (FDD pages 13–16)
What This Means (2025 FDD)
According to Kitchen Solvers's 2025 Franchise Disclosure Document, the audit fee is due 30 days after the inspection or audit. The amount of this fee will vary depending on the circumstances, but it generally ranges from $500 to $2,000.
Typically, Kitchen Solvers will cover the costs of audits and inspections. However, if an audit is required because the franchisee failed to submit necessary reports, financial statements, tax returns, or schedules, or if the audit reveals that the franchisee understated gross sales, royalty fees, brand fund fees, or other amounts owed by more than 5%, the franchisee will be responsible for reimbursing Kitchen Solvers for the costs and out-of-pocket expenses associated with the inspection or audit.
It is important for prospective Kitchen Solvers franchisees to understand the conditions under which they may be responsible for audit fees. Maintaining accurate records and submitting all required reports on time can help avoid triggering an audit that would require the franchisee to pay the associated costs. This policy is fairly standard in franchising, as it incentivizes franchisees to remain compliant with reporting requirements.