What is the deadline for an Aw franchisee to furnish the weekly gross sales report?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to furnish us in the form and in the manner we prescribe from time to time: (1) by Tuesday of each week a report of the Gross Sale of the Papa Ray's Pizza Restaurant for the preceding Monday through Sunday; (2) within ten (10) days of the end of each month, a profit and loss statement for the preceding calendar month and a year to date profit and loss statement and balance sheet; (3) within seventy-five (75) days after the end of your fiscal year, a fiscal year-end balance sheet and an annual profit and loss statement for that fiscal year, reflecting all year-end adjustments; (4) within ten (10) days of the end of each calendar quarter, exact copies of all sales tax returns; and (5) on or before April 25 of each year, exact copies of such portions of your and your Owners' state and federal income tax return as reflect the operation of your Papa Ray's Pizza Restaurant.
Source: Item 22 — CONTRACTS (FDD pages 39–40)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, franchisees must submit a weekly gross sales report by Tuesday of each week. This report should cover the sales from the preceding Monday through Sunday. This requirement ensures that Aw has a regular and timely understanding of each Papa Ray's Pizza Restaurant's financial performance.
This weekly reporting is crucial for Aw to monitor the overall health and performance of its franchise network. By collecting this data, Aw can identify trends, assess the effectiveness of marketing strategies, and provide support to franchisees who may be struggling. For the franchisee, adhering to this reporting schedule is essential for maintaining compliance with the franchise agreement and avoiding potential penalties or disputes.
Missing the Tuesday deadline for submitting the weekly gross sales report could lead to further scrutiny from Aw. As Aw has the right to audit the business records at any time without advance notice, consistently late or inaccurate reporting could trigger an audit, the cost of which the franchisee may have to bear if discrepancies are found. Therefore, franchisees should prioritize establishing a reliable system for tracking and reporting gross sales data to meet the required deadlines.
In addition to the weekly gross sales report, Aw franchisees are also required to submit other financial reports, including monthly profit and loss statements, annual balance sheets, and tax returns. These comprehensive reporting requirements reflect the importance Aw places on financial transparency and accountability within its franchise system.