In what format should Augusta Lawn Care franchisees submit their financial reports?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
You shall submit to Augusta Lawn Care, on or before the tenth (10th) day following the end of each month, financial reports on the income and expenses of the Augusta Lawn Care Business in the format specified in the Manual. You shall also submit to Augusta Lawn Care, at the time of filing, copies of all federal state and local income, sales, and property tax returns. Augusta Lawn Care will use this data to confirm that You are complying with Your obligations under this Agreement, and to formulate earnings and expense information for possible disclosure to prospective franchisees. In addition to the foregoing, on or before the tenth (10th) day following the end of each month, you shall submit proof of payment for any leasehold rental obligations, sales tax, and payroll taxes.
Source: Item 23 — RECEIPTS (FDD pages 44–184)
What This Means (2025 FDD)
According to Augusta Lawn Care's 2025 Franchise Disclosure Document, franchisees are required to submit financial reports detailing the income and expenses of their Augusta Lawn Care business. These reports must be submitted to Augusta Lawn Care on or before the tenth day following the end of each month.
The specific format for these financial reports is detailed in the Augusta Lawn Care operations manual. Franchisees must adhere to the format outlined in the manual when preparing and submitting their reports.
In addition to the monthly financial reports, franchisees must also submit copies of all federal, state, and local income, sales, and property tax returns at the time of filing. Franchisees are also required to submit proof of payment for any leasehold rental obligations, sales tax, and payroll taxes on or before the tenth day following the end of each month. Augusta Lawn Care uses all of this data to ensure franchisees are meeting their obligations and to potentially formulate earnings and expense information for disclosure to future franchisees.