When are the weekly payments due to Marble Slab Creamery?
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)
According to the 2025 Marble Slab Creamery Franchise Disclosure Document, any payment not received by Marble Slab Creamery on or before the due date is considered overdue. If a payment is overdue, the franchisee must pay Marble Slab Creamery 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 law, 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. This late charge is in addition to any other remedies Marble Slab Creamery may pursue.
It is important for prospective Marble Slab Creamery franchisees to understand these payment terms and ensure timely payments to avoid incurring interest and late fees. Franchisees should clarify the specific due dates for all payments with Marble Slab Creamery to maintain good standing and avoid penalties.