By what day of each month must an Anago franchisee submit monthly reports to the franchisor?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
SECTION 8.2 REPORTS AND STATEMENTS; CONFIDENTIALITY.
- (a) Monthly Reports. You will submit to Us by the 20th day of each month during the Term, in the form We require, accurate Records reflecting the information We require. If You must collect and remit sales taxes, You must also supply to Us copies of Your sales tax returns.
- (b) Annual Financial Statements. We may request that You prepare and submit an annual balance sheet and income statement, within 90 days of the end of the fiscal year prepared in accordance with Generally Accepted Accounting Principles. Each annual statement must be accompanied by an unqualified review opinion from an independent certified public accountant acceptable to Us, and must be signed by You or by Your Treasurer or Chief Financial Officer attesting that the financial statements are correct and fairly present Your financial position at and for the times indicated. You will also supply to Us, if requested, copies of Your federal and state income tax returns at the time these returns are filed with the appropriate tax authorities. The financial statements and/or other periodic reports described above must be prepared to segregate the income and related expenses of the Anago Unit Franchise from those of any other business that You conduct.
- (c) Confidentiality. All information will remain confidential, except that You give permission to Us to release any information to Your landlord, lenders or prospective landlords and lenders, and to include information in any document under federal or state franchise laws about You or the Anago Unit Franchise.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Unit Franchisees must submit monthly reports to Anago by the 20th day of each month. These reports should accurately reflect the information Anago requires and be in the form that Anago specifies. If the Unit Franchisee is required to collect and remit sales taxes, they must also provide copies of their sales tax returns to Anago.
In addition to monthly reports, Anago may request annual financial statements from the Unit Franchisee. These statements, including a balance sheet and income statement, must be prepared within 90 days of the end of the fiscal year and adhere to Generally Accepted Accounting Principles. The annual statement must be reviewed by an independent certified public accountant, and the franchisee or a financial officer must attest to the accuracy of the statements. Anago may also request copies of federal and state income tax returns.
All information provided to Anago remains confidential, although Anago is permitted to release information to the franchisee's landlord, lenders, or prospective landlords and lenders, and to include information in documents required under federal or state franchise laws. Anago and its representatives have the right to examine and copy the franchisee's records at any reasonable time and may conduct independent audits of the franchisee's records at their own expense.
Subfranchisors also have reporting obligations. Subfranchisors must provide Anago with a copy of all statements issued to its Unit Franchisees during the month by the 25th day of each month, in the form and manner designated by Anago. Subfranchisors must also send to Anago daily, by facsimile or electronic mail, items for all invoicing activity to each Client serviced and all supplies and equipment sold by Subfranchisor's Unit Franchisees for that day (for at least the first 12 months).