What is the monthly late fee charged by Zoomin Groomin on overdue amounts?

According to Zoomin Groomin's 2025 Franchise Disclosure Document, overdue amounts owed to Zoomin Groomin that are five days past due are subject to a service charge. This charge is 1% per month on the unpaid balance. However, if the maximum rate allowed by law is lower than 1%, the late fee will be set to that lower legal maximum.

This means that if a franchisee fails to pay fees on time, they will incur a monthly late fee of 1% of the outstanding amount, or the legally permissible maximum if that is less than 1%. For example, if a franchisee owes Zoomin Groomin $1,000 and it is more than five days late, the late fee would be $10 for that month (1% of $1,000).

Franchisees should be aware of this late fee policy and ensure timely payments to avoid incurring these charges. It is also important to understand the laws in their specific jurisdiction, as the maximum allowable late fee may vary by state or locality. This late fee is in addition to other fees, such as the $50 insufficient funds fee for declined electronic transfers.