When do late fees begin to accrue for a Spray Net franchisee?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Late Fees. Late fees begin from the date payment was due, but not received, or date of underpayment.
Source: Item 6 — > **ITEM 6 OTHER FEES (FDD pages 15–29)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, late fees are applied starting from the original date a payment was due but not received, or from the date of any underpayment. This means that if a franchisee misses a payment deadline or does not remit the full amount owed to Spray Net, late fees will immediately begin to accumulate.
This policy is fairly standard in franchising, as franchisors rely on timely payments to maintain their own financial obligations and support the franchise system. Franchisees should ensure they understand the due dates for all fees and have a system in place to make payments promptly to avoid incurring these additional charges.
It is important for prospective Spray Net franchisees to budget carefully and manage their cash flow effectively to ensure they can meet their financial obligations to the franchisor on time. Setting up automatic payments through GoCardless, as currently required by Spray Net, can help franchisees avoid late fees by ensuring timely payments.