What specific financial reports must an Aerus franchisee submit to the company monthly?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall implement and use all functions of FOAS in the operation, administration, management and control of the Franchised Business and shall adopt for use all new programs and modules developed and installed from time to time by Company, including without limitation the Franchise Accounting Systems and Tools program module (including any successor or substitute financial management program or module which may be developed, "FAST"), and, if applicable, pay any fee imposed for the new program or module.
- D. Franchisee shall execute a Software License Agreement in a form substantially similar to the form attached hereto as Exhibit II.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
The 2025 Aerus Franchise Disclosure Document does not specify the exact financial reports a franchisee must submit monthly. However, it does state that franchisees must implement and use all functions of the Aerus Franchise Office Automation System (FOAS) in the operation, administration, management, and control of the Franchised Business. This includes adopting for use all new programs and modules developed and installed from time to time by Aerus, including without limitation the Franchise Accounting Systems and Tools program module (FAST).
Since the FDD mentions the use of the FOAS and FAST programs for financial management, it is likely that franchisees will be required to use these systems to generate and submit financial data to Aerus. The FDD also mentions that Aerus may withdraw funds from the franchisee's designated bank account by electronic funds transfer or comparable method in the amount of any Payment or any other amounts due. This suggests that Aerus has access to the franchisee's financial information and may use it to monitor their performance.
To gain a comprehensive understanding of the specific financial reports required, a prospective Aerus franchisee should consult the manuals referenced in the FDD or directly ask the franchisor for a detailed list of required reports and the frequency of submission. Understanding these requirements is crucial for managing the franchise effectively and maintaining compliance with Aerus's policies.