factual

When is the deadline for an Amorino franchisee to provide their monthly Financial Statement to Amorino?

Amorino Franchise · 2025 FDD

Answer from 2025 FDD Document

No later than 30 days after the end of each calendar month, you shall provide to Amorino your monthly Financial Statement (Profit and Loss and Balance Sheet) in the form and including the details required by Amorino.

Source: Item 22 — CONTRACTS (FDD pages 80–81)

What This Means (2025 FDD)

According to Amorino's 2025 Franchise Disclosure Document, franchisees must submit their monthly Financial Statement (Profit and Loss and Balance Sheet) to Amorino no later than 30 days after the end of each calendar month. The financial statement must be in the format and include the details required by Amorino.

This requirement ensures that Amorino has a consistent and timely flow of financial data from all its franchise locations. This allows Amorino to monitor the financial health of individual units and the overall performance of the franchise system. It also enables Amorino to identify potential issues early and provide support to franchisees who may be struggling.

For a prospective Amorino franchisee, this means establishing accounting practices that allow for the generation of these reports on a monthly basis. Failing to submit these reports on time could result in penalties or other enforcement actions from Amorino, as compliance with the franchise agreement is essential for maintaining a good standing with the franchisor.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.