Can All County require franchisees to have reviewed or audited financial statements prepared annually?

According to All County's 2025 Franchise Disclosure Document, 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 at the franchisee's expense by an independent third party. This requirement ensures that All County receives accurate and reliable financial information from its franchisees.

In addition to annual reviewed or audited financial statements, All County also requires franchisees to provide monthly financial statements, including a profit and loss statement and a year-to-date balance sheet, by the fifth day of each month. Franchisees must also provide copies of signed sales tax returns, withholding tax returns, and canceled checks for these taxes. Furthermore, franchisees must supply exact copies of federal and state income and other tax returns within ten days of filing.

All County also has the right to access the franchisee's computer systems, data, and software to retrieve information related to the business's operations. Franchisees must provide all necessary passwords, logins, or security codes to facilitate this access. All County may also monitor or record telephone conversations for quality assurance purposes, with the franchisee's obligation to inform their employees of this practice. Franchisees must also verify and sign each report and financial statement as prescribed by All County.