Who bears the cost of reviewed or audited financial statements required by All County?

According to All County's 2025 Franchise Disclosure Document, the franchisee is responsible for the costs associated with reviewed or audited financial statements. Specifically, All County has the right to require franchisees to have reviewed or audited financial statements prepared on an annual basis. These statements must be prepared by an independent third party, and the expense for these services is borne by the franchisee.

This requirement means that prospective All County franchisees should factor in the ongoing cost of these financial reviews or audits when assessing the financial viability of the franchise. The frequency and scope of these financial statements are determined by All County, adding a layer of potential financial obligation for the franchisee.

It is common practice for franchisors to require franchisees to submit regular financial reports, but the stipulation that these reports be reviewed or audited by an independent third party adds a layer of expense that franchisees must consider. This cost can vary depending on the complexity of the business and the accounting firm used, so franchisees should seek estimates to accurately project this expense.