How must All County franchisees deliver their statement of Gross Revenue and Maintenance Revenue?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
18.1.2. Revenue Statements. You agree to provide us, by the fifth (5 th) day after the end of each calendar month, with a report of the Business' Gross Revenue and Maintenance Revenue for the preceding calendar month.
18.1.7. Maintenance of Records. You are required to maintain reports, records and financial statements as prescribed in the Operations Manual for your Business.
We may require you to use approved computer hardware and software in order to maintain the Business' records and reports.
You agree to verify and sign each report and financial statement in the manner we prescribe.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, franchisees must provide a report of the business's Gross Revenue and Maintenance Revenue for the preceding calendar month by the fifth day after the end of each calendar month. This means that All County requires franchisees to submit these revenue statements on a monthly basis, ensuring that the franchisor has a consistent and timely view of each franchise's financial performance.
This requirement allows All County to monitor the financial health of its franchisees and calculate royalties accurately, as these are based on revenue. It also enables All County to identify any potential issues or trends in individual franchise locations or across the entire system. For a prospective franchisee, this means implementing robust tracking and reporting systems to ensure timely and accurate submission of revenue data.
Franchisees must also maintain reports, records, and financial statements as prescribed in the Operations Manual. Furthermore, All County may require franchisees to use approved computer hardware and software to maintain the business's records and reports. Franchisees must also verify and sign each report and financial statement in the manner prescribed by All County.
Failure to comply with these reporting requirements could result in penalties or even termination of the franchise agreement, so it is crucial for franchisees to adhere to the specified deadlines and methods of reporting. This level of scrutiny is fairly standard in franchising, as franchisors need to protect the integrity of the brand and ensure consistent performance across all locations.