What specific financial statements must an Amorino franchisee provide monthly?
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 are required to submit specific financial statements to Amorino on a monthly basis. Specifically, franchisees must provide their monthly Financial Statement, which includes both a Profit and Loss statement and a Balance Sheet. These statements must be in a format and include the details required by Amorino.
This requirement ensures that Amorino has consistent access to the franchisee's financial performance data, allowing them to monitor the financial health of the franchise and provide support if needed. It also allows Amorino to benchmark performance across different franchise locations and identify trends or issues that may need to be addressed.
Franchisees should be aware of this monthly reporting obligation and ensure they have the accounting systems and processes in place to accurately and promptly generate these financial statements. Failure to provide these statements in a timely and accurate manner could potentially result in penalties or other consequences as outlined in the franchise agreement.