When are Aplus franchisees required to deliver the quarterly gross sales statement to Sunoco?

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

This requirement ensures that Sunoco receives timely and accurate financial information from its Aplus franchisees, allowing them to monitor sales performance and calculate any payments due under the lease agreement. The use of Sunoco's specific form, the "Quarterly Gross Sales Verification Statement," and the acknowledgement by the franchisee's accountant, are intended to ensure accuracy and consistency in reporting.

For a prospective Aplus franchisee, this means establishing accounting practices that allow for the timely compilation and certification of quarterly sales figures. Failing to submit these statements on time could potentially lead to penalties or other enforcement actions by Sunoco. Therefore, franchisees need to integrate this reporting schedule into their operational and accounting workflows from the outset.