For Annex Brands, what period do the Gross Receipts reported each Saturday cover?
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's 2025 Franchise Disclosure Document, franchisees are required to report their gross receipts every Saturday. These gross receipts are for the week ending on that Saturday. This means that the reported amount covers sales and services provided from the previous Sunday up to and including that Saturday.
This reporting schedule is directly tied to the payment of ongoing fees. Annex Brands franchisees must pay both a royalty fee of 5% and a marketing fee of 2% of gross receipts. These fees are due each Wednesday for the previous week ending on Saturday. Therefore, the Saturday report is crucial for calculating the fees due the following Wednesday.
The FDD specifies that these payments must be made via automatic bank draft. Franchisees must participate in Annex Brands's electronic reporting system and maintain sufficient funds in their accounts to cover these obligations. This ensures timely and accurate payment of fees based on the reported gross receipts.