Does Marble Slab Creamery reserve the right to change the due date for weekly payments?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
r overestimates any fee due to Franchisor and collect the same from Franchisee, then Franchisor will credit the surplus amounts paid against fees due in the next payment period (once Franchisor receives accurate records regarding the Net Sales of the Restaurant operated under this Agreement).
- 4.7 Any payment or report not actually received by Franchisor on or before the due date will be deemed overdue. If any payment is overdue, Franchisee will pay Franchisor, in addition to the overdue amount, interest on such amount from the date it was due until paid at the rate of one and one-half percent (1.5%) per month, or the maximum r
Source: Item 22 — CONTRACTS (FDD page 101)
What This Means (2025 FDD)
Based on the 2025 Marble Slab Creamery Franchise Disclosure Document, while the document does not explicitly state that Marble Slab Creamery can change the due date for weekly payments, it does specify the consequences of late payments. According to Item 22, section 4.7, any payment not received by the due date is considered overdue.
If a payment is overdue, Marble Slab Creamery will charge interest on the overdue amount from the date it was due until it is paid. The interest rate is 1.5% per month or the maximum rate permitted by applicable law, whichever is less, calculated daily. In addition to interest, Marble Slab Creamery also charges a late fee of $125 per week for each week the payment is not received.
These charges are in addition to any other remedies Marble Slab Creamery may have. This implies that while the due date itself may not be explicitly changeable, franchisees need to be aware of the financial penalties associated with late payments, which can significantly increase the cost of operating a Marble Slab Creamery franchise if not managed carefully.