How often must All County franchisees submit revenue statements?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to produce records, reports and financial statements upon our request that adequately represent your financial position and that of the Guarantors.
We may require you to use approved computer hardware and software in order to maintain the Business' records and reports.
Records and reports must be furnished to us in the form and frequency as specified in this Agreement and the Operations Manual.
18.1.1. Sales Records. You agree to provide us, by the fifth (5 th) day after the end of each calendar month, with copies of all signed sales tax returns and signed withholding tax returns for the Business and copies of the canceled checks for the required sales taxes and withholding taxes.
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.
18.1.3. Monthly Financial Statements. You agree to provide us, by the fifth (5th) day after the end of each calendar month, a profit and loss statement for the Business for the preceding calendar month and a year-to-date balance sheet.
18.1.4. Annual Financial Statements. You agree to provide us, within ninety (90) days after the end of the Business' fiscal year, reviewed annual profit and loss and source and use of funds statements and a reviewed balance sheet for the Business as of the end of such fiscal year signed by you or your principal operating officer or operating partner.
18.1.5. Tax Returns. You agree to provide us, within ten (10) days after filing, exact copies of federal and state income and other tax returns of the Business and such other forms, records, books and other related information.
18.1.6. Credit Reports. You agree to allow us to obtain credits reports as deemed necessary during the period of this Agreement.
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.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, franchisees are required to submit revenue statements on a monthly basis. Specifically, All County requires franchisees to 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 requirement ensures that All County has a consistent and up-to-date view of each franchise's financial performance. By mandating monthly submissions, All County can monitor revenue trends, identify potential issues early on, and provide timely support and guidance to franchisees. This also allows All County to accurately calculate royalties and other fees based on the reported revenue figures.
In addition to revenue statements, All County also requires franchisees to submit other financial records and reports, including sales tax returns, withholding tax returns, monthly profit and loss statements, year-to-date balance sheets, annual financial statements, and tax returns. These comprehensive reporting requirements reflect All County's emphasis on financial transparency and accountability within its franchise system. Franchisees must also maintain these records as prescribed in the Operations Manual.