What is the late fee charged by Spray Net for overdue payments?

The 2025 Spray Net Franchise Disclosure Document does not specify a late fee for overdue payments. The document does mention that Spray Net retains the right to restrict access to the Spray-Network in the event of failure to pay invoices, breach of franchise agreement, or termination of a Franchise. It also states that software fees for the use of the Spray-Network are broken down into reoccurring monthly fixed fees, as outlined in the franchise agreement, and a weekly Tech fee royalty amount due, accounting for 0.0025 of total job value produced the previous week.

Since the FDD does not provide details on late fees, prospective Spray Net franchisees should inquire directly with the franchisor about the specific late fee policy, including the amount, how it is calculated, and the grace period, if any, before a late fee is applied. Understanding these payment terms is crucial for managing cash flow and avoiding penalties.

It is common practice in franchising to have late payment fees to encourage timely payments. The absence of this information in the FDD warrants further investigation to fully understand the financial obligations and potential penalties associated with the Spray Net franchise.