What is the deadline for an APlus franchisee to deliver the quarterly gross sales statement to Sunoco?

According to Aplus's 2024 Franchise Disclosure Document, Aplus franchisees must deliver a certified statement of gross sales to Sunoco on a quarterly basis. Specifically, this statement, prepared in accordance with accepted retail merchandising accounting practices, must be submitted on or before the last calendar day of January, April, July, and October for the immediately preceding calendar quarter.

This means that the statement for the sales made during January, February, and March is due by April 30th. The statement for April, May, and June is due by July 31st. The statement for July, August, and September is due by October 31st, and the statement for October, November, and December is due by January 31st of the following year.

The statement must be submitted using Sunoco's form entitled "Quarterly Gross Sales Verification Statement" and must be acknowledged by the franchisee's accountant in the designated space on the form. This requirement ensures that Sunoco receives timely and verified financial information from its Aplus franchisees, allowing for accurate royalty calculations and business performance monitoring. Failure to submit these statements on time could potentially lead to penalties or other consequences as outlined in the Aplus Franchise Agreement.