For Anago, what must the Subfranchisor provide to its Unit Franchisees regarding the previous month's accounting activity?
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.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the Subfranchisor is responsible for paying Unit Franchisees for services rendered to clients. These payments should be made around the 20th of each month following the month in which the services were provided, unless otherwise specified in the Unit Franchise Agreement, as authorized by Anago.
In addition to making payments, the Subfranchisor must also furnish its Unit Franchisees with a statement that details the previous month's accounting activity. This statement provides transparency and allows Unit Franchisees to understand the financial activity related to their services.
This requirement ensures that Unit Franchisees are kept informed about their earnings and the overall financial transactions related to their work. It also promotes accountability and helps maintain a clear record of financial activities within the Anago franchise system.