What information must be included in the Semi-Monthly Report for a 1-800-GOT-JUNK? franchise?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
8.3 Semi-Monthly Report. Within three (3) Business Days after the 15th and the last day of each Month, Franchisee shall update all records and data on the CRM System with respect to the Franchised Business so that Franchisor can produce from the CRM System a report in electronic form (the “Semi- Monthly Report”) containing: (a) a correct and complete statement of all sales and Gross Revenue for the 1st through the 15th day, or the 16th through the last day, of each Month, as applicable; and (b) such other financial information as Franchisor may specify from time to time. Each Semi-Monthly Report shall be certified as correct by Franchisee. Upon request by Franchisor, Franchisee shall supply copies of some or all of the sales records (in all relevant media) related to the operation of the Franchised Business in any given period.
Source: Item 22 — Contracts (FDD page 24)
What This Means (2025 FDD)
According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, franchisees are required to submit a Semi-Monthly Report to the franchisor. This report is generated from the CRM System and must be submitted within three business days after the 15th and the last day of each month.
The Semi-Monthly Report must include a complete statement of all sales and gross revenue for the specified period (1st through 15th, or 16th through the last day of the month). Additionally, the report must contain any other financial information that 1-800-GOT-JUNK? may specify from time to time.
Each Semi-Monthly Report must be certified as correct by the franchisee. Furthermore, 1-800-GOT-JUNK? has the right to request copies of some or all of the sales records related to the operation of the franchised business for any given period, in all relevant media. This ensures transparency and allows the franchisor to monitor the financial performance of each franchise unit.