How much is the Late Fee charged by Zoomin Groomin per month?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Late Fees | Lesser of 1% per month or the highest rate allowable by law of the state where you are located. | As incurred | Apply to amounts owed to us that are five (5) days past due. |
| Audit Fee | Cost of audit plus $50 late fee per month on any late payment | Upon demand | You will pay to us our cost in performing an audit of your Franchise Business plus a Late Fee of $50 per month on any late payment found through such audit if the audit discloses an under reporting of Gross Revenues or underpayment to us by 5% or more. |
Source: Item 6 — OTHER FEES (FDD pages 16–20)
What This Means (2025 FDD)
According to Zoomin Groomin's 2025 Franchise Disclosure Document, a franchisee may incur late fees on amounts owed to Zoomin Groomin that are five days past due. The late fee is the lesser of 1% per month or the highest rate allowable by law in the franchisee's state. This means the actual late fee could vary depending on state regulations, but it will not exceed 1% per month.
In addition to the general late fee, Zoomin Groomin also charges a $50 late fee per month on any late payment discovered through an audit if the audit reveals an underreporting of Gross Revenues or underpayment to Zoomin Groomin by 5% or more. This audit fee is in addition to the cost of the audit itself, which the franchisee must also cover.
It is important for prospective Zoomin Groomin franchisees to understand these late fee policies to avoid incurring additional costs. Franchisees should ensure timely payments to Zoomin Groomin to avoid late fees, and maintain accurate financial records to prevent issues that could trigger an audit and its associated costs and late fees.