When is the deadline for an Amorino franchisee to submit their monthly financial statement?
Amorino Franchise · 2025 FDDAnswer 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 statements no later than 30 days after the end of each calendar month. This statement should include a profit and loss statement and a balance sheet, formatted and detailed as required by Amorino.
This requirement ensures that Amorino has consistent and timely access to the financial performance of each franchise location. This allows Amorino to monitor the overall health of the franchise system and provide support or guidance to franchisees as needed.
Franchisees should be diligent in maintaining accurate financial records and adhering to the monthly reporting deadline. Failure to submit financial statements on time could potentially lead to penalties or other consequences as outlined in the franchise agreement. This is a fairly standard practice in franchising, allowing the franchisor to maintain oversight and offer assistance when necessary.