What details must the Anago Subfranchisor provide in the statement to its Unit Franchisees?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
Subfranchisor is solely responsible for payment to its Unit Franchisees for services rendered to Clients, which payments should be made on the 20th day of each month following the month in which services were rendered, or as otherwise prescribed in its Unit Franchise Agreement, as authorized by Franchisor, and Subfranchisor will provide its Unit Franchisees with a statement detailing the previous month's accounting activity.
Subfranchisor will send to Franchisor 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).
Subfranchisor will provide to Franchisor, by the 25th day of each month, a copy of all statements issued to its Unit Franchisees during the month in the form and manner designated by Franchisor.
Franchisor at its option, will require Subfranchisor to accomplish this via hard copies sent by mail, courier, or by electronic data transmission via a modem or Internet access installed within Subfranchisor's computer.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, a Subfranchisor is responsible for providing its Unit Franchisees with a statement detailing the previous month's accounting activity. These payments to Unit Franchisees should be made around the 20th of each month following the month the services were provided, unless otherwise specified in the Unit Franchise Agreement and authorized by Anago.
In addition to providing statements to Unit Franchisees, the Subfranchisor must also provide Anago with a copy of all statements issued to its Unit Franchisees each month. These copies must be provided to Anago by the 25th day of each month, and in the format and manner that Anago designates. Anago may require these copies to be sent via hard copies through mail or courier, or through electronic data transmission using a modem or Internet access installed on the Subfranchisor's computer.
Furthermore, the Subfranchisor is required to send Anago daily reports of all invoicing activity for each client serviced, as well as all supplies and equipment sold by the Subfranchisor's Unit Franchisees. This daily reporting is required for at least the first 12 months of operation. These requirements ensure that Anago maintains oversight of financial transactions and service delivery within the franchise network.