What is the deadline for an Aw franchisee to submit the profit and loss statement for the preceding calendar month?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.2 Reporting.
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.
We reserve the right to require you to have your financial statements prepared by an independent certified public accountant on an annual basis and signed by you.
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 profit and loss statement for the preceding calendar month within ten days of the month's end. This means that if the calendar month ends on the 30th or 31st, the profit and loss statement is due on the 9th or 10th of the following month, respectively.
In addition to the monthly profit and loss statement, Aw franchisees are also required to submit a weekly gross sales report by Tuesday of each week, covering sales from the preceding Monday through Sunday. They must also provide a year-to-date profit and loss statement and balance sheet within ten days of each month's end.
Furthermore, Aw requires franchisees to submit a fiscal year-end balance sheet and an annual profit and loss statement within 75 days after the end of the fiscal year, including all year-end adjustments. Franchisees must also provide copies of all sales tax returns within ten days of the end of each calendar quarter and copies of relevant portions of their and their owners' state and federal income tax returns by April 25th each year. Aw retains the right to demand that these financial statements be prepared by an independent certified public accountant on an annual basis.