How must an Amerispec Inspection Services franchisee report monthly Gross Receipts?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
All inspections conducted by the Franchised Business shall be documented on forms and in the manner as prescribed by the Company, and the Franchisee shall notify the Company of each inspection and source of revenue conducted by the Franchisee by providing such information with respect to each such inspection as, and in the manner, specified by the Company.
The Company may require Franchisee to electronically upload or transmit information on a periodic basis (including daily).
The Company also has the right to independently access sales information and other data produced by the Computer System.
If any audit discloses an understatement of the Gross Receipts of the Franchised Business for any period or periods, the Franchisee, within 10 days of receipt of the audit report, shall pay to the Company the Advertising Contributions and Royalties, if any, due on the previously unreported Gross Receipts, plus interest from the due date at the maximum rate permitted by law, not to exceed 1.5% per month.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services FDD, franchisees must notify the company of each inspection conducted and the revenue source by providing the information in the manner specified by the company.
Amerispec Inspection Services requires franchisees to use a specific computer system, which includes business contact management and inspection software. Franchisees may be required to electronically upload or transmit information periodically, potentially even daily. Amerispec Inspection Services also retains the right to independently access sales information and other data produced by the computer system.
If an audit reveals an understatement of Gross Receipts, the franchisee must pay the owed advertising contributions and royalties, along with interest. If the understatement equals 3% or more of the Gross Receipts, additional penalties may apply. This highlights the importance of accurate record-keeping and reporting by the franchisee.