What day of the week must Gross Receipts be reported to Annex Brands?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Royalty fee | 5% of Gross Receipts (2) | Each Wednesday, after the close of business, for the previous week ending Saturday | We may establish other due dates. You must report Gross Receipts each Saturday after the close of business before midnight for the week ending on that Saturday. You must pay us by automatic bank draft. (3) |
| Marketing fee (4) | 2% of Gross Receipts (2) | Each Wednesday, after the close of business, for the previous week ending Saturday | We may establish other due dates. You must report Gross Receipts each Saturday after the close of business before midnight for the week ending on that Saturday. You must pay us by automatic bank draft. (3) We administer a system-wide marketing fund. |
Source: Item 6 — OTHER FEES (FDD pages 24–32)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, franchisees are required to report their Gross Receipts each Saturday after the close of business, before midnight. This report covers the sales for the week ending on that Saturday.
This requirement is tied to the payment of both the royalty fee, which is 5% of Gross Receipts, and the marketing fee, which is 2% of Gross Receipts. Both fees are due each Wednesday following the Saturday reporting deadline. Annex Brands mandates that franchisees pay these fees through automatic bank drafts.
It is important to note that Annex Brands retains the right to modify these due dates. Franchisees must also participate in Annex Brands' electronic reporting system and maintain sufficient funds in their accounts to cover their payment obligations as outlined in the franchise agreement.