What annual financial statements must an All County franchisee provide?

According to All County's 2025 Franchise Disclosure Document, franchisees are required to submit specific annual financial statements to the franchisor. Within ninety (90) days following the close of the business's fiscal year, franchisees must provide All County with reviewed annual profit and loss statements, source and use of funds statements, and a reviewed balance sheet. These documents must be signed by the franchisee or their principal operating officer or partner.

This requirement ensures that All County has a clear understanding of each franchisee's financial health and operational performance. By mandating reviewed statements, All County aims to receive reliable and accurate financial data, enhancing transparency and accountability across the franchise system. The relatively short 90-day window for submission emphasizes the importance of timely financial reporting.

For a prospective All County franchisee, this means they will need to establish accounting practices that allow for the preparation and review of these statements within the specified timeframe. Engaging a qualified accountant to assist with these financial reporting requirements is advisable. Additionally, franchisees should factor in the cost of these reviews when projecting their operating expenses.