factual

Can Kitchen Solvers withdraw funds electronically or otherwise from the franchisee's account?

Kitchen_Solvers Franchise · 2025 FDD

Answer from 2025 FDD Document

Please attach a voided blank check, for purposes of setting up Bank and Transit Numbers.

FRANCHISEE ACKNOWLEGMENT/COMPLIANCE CERTIFICATION

DO NOT SIGN THIS STATEMENT IF YOU ARE A RESIDENT OF, OR INTEND TO OPERATE THE FRANCHISED BUSINESS IN, ANY OF THE FOLLOWING STATES:

CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI

Source: Item 22 — Contracts (FDD page 49)

What This Means (2025 FDD)

According to Kitchen Solvers' 2025 Franchise Disclosure Document, franchisees in certain states are required to attach a voided blank check. Specifically, Item 22 states: "Please attach a voided blank check, for purposes of setting up Bank and Transit Numbers." This suggests that Kitchen Solvers may have the ability to set up electronic funds transfers from the franchisee's bank account. However, this requirement does not apply to franchisees who reside in or intend to operate the franchised business in CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, or WI.

While the FDD excerpt indicates that a voided check is requested, it does not explicitly state the purposes for which Kitchen Solvers will use the bank and transit numbers. It is common practice for franchisors to use this information for collecting royalties, marketing fees, or other payments owed by the franchisee. The franchisee should clarify with Kitchen Solvers the specific reasons for needing the voided check and how the electronic funds transfer will be utilized.

It is important for a prospective Kitchen Solvers franchisee to understand the circumstances under which Kitchen Solvers can access their bank account and the procedures for disputing any charges. The franchisee should also inquire about the security measures in place to protect their banking information and prevent unauthorized withdrawals. Understanding these details is crucial for managing their finances and maintaining a healthy business relationship with Kitchen Solvers.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.