What reports regarding merchandising sales will Sunoco have access to for an Aplus store?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
hem to you, which Sunoco's costs may not exceed one hundred dollars ($100) per month. However, you understand and agree as follows:
- (a) You are solely responsible for maintaining accurate business records and Sunoco does not verify their accuracy. In addition, the information provided or required under this system may or may not be consistent with financial information provided or required by Federal, State or local taxing authorities. In that regard, you need to consult with your accountant and/or tax advisor;
- (b) You are required to enter all sales, costs of sales, and business expenses into the backoffice system. Sunoco reserves the right, in its sole discretion, to change or modify the required accounting and bookkeeping procedures in the Manual; (c) Sunoco will have access to reports regarding merchandising sales, margin and sales mix data compiled on your APLUS Store; (d) Sunoco shall have the right to have access to all profit and loss statements, balance sheets and supporting documentation directly from you or from the back office or accounting system; (e) You authorize Sunoco to obtain directly from your vendors and suppliers all records pertaining to products and services provided by each such vendor/supplier to your APLUS Store. Upon Sunoco's request, you may be required to sign an authorization (to be prepared by Sunoco) authorizing the applicable vendor/supplier to release such records to Sunoco;
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, Sunoco will have access to reports regarding merchandising sales, margin, and sales mix data compiled on an Aplus store.
To facilitate merchandising recommendations and summaries for all Aplus franchisees, franchisees must provide Sunoco with reasonably requested reports and data, as detailed in the System Manual. This allows Sunoco to monitor the performance of the Aplus store and provide support to the franchisee.
Additionally, franchisees are required to enter all sales, costs of sales, and business expenses into the back-office system. Sunoco reserves the right to modify these accounting and bookkeeping procedures in the manual. This ensures that Sunoco has access to comprehensive financial data for each Aplus store, aiding in overall franchise management and support.