What is the late fee charged by Kitchen Solvers for delinquent reports or payments?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount (See Notes) | Due Date | Remarks |
|---|---|---|---|
| Late Fee | $25 late fee added one day after the due date; plus $10 per day of delinquency. | When due | You must pay us a late fee of $25 for each delinquent report or payment that we receive after its due date. An additional $10 per delinquency per day shall be added for each day the default remains uncured. |
Source: Item 6 — OTHER FEES (FDD pages 13–16)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, a franchisee will incur a late fee for any reports or payments received after the due date. The initial late fee is $25, which is added one day after the due date.
In addition to the initial $25 fee, Kitchen Solvers charges an additional $10 per day for each day the delinquency remains unresolved. This daily charge accrues for each day the payment or report is overdue.
This late fee structure incentivizes franchisees to submit reports and payments promptly. Failing to do so can result in escalating fees, starting with the initial $25 and quickly increasing by $10 for each subsequent day of delinquency. Franchisees should ensure timely submission of all required documents and payments to avoid these charges.