What specific form and manner does Aw prescribe for the reports that franchisees must furnish?
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.
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.
You agree to furnish to us copies of any other reports, information or supporting records as we from time to time prescribe in the manner we prescribe.
Such reporting shall not include any records for information relating to your employees, as you exclusively control your labor relations and employment practices.
Source: Item 22 — CONTRACTS (FDD pages 39–40)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, franchisees must furnish reports in the form and manner that Aw prescribes from time to time. Specifically, franchisees must submit a weekly gross sales report by Tuesday of each week, covering the preceding Monday through Sunday. Within ten days of each month's end, a profit and loss statement for the preceding month and a year-to-date profit and loss statement and balance sheet are required.
Additionally, within 75 days after the end of the franchisee's fiscal year, a fiscal year-end balance sheet and an annual profit and loss statement, reflecting all year-end adjustments, must be submitted. Exact copies of all sales tax returns are due within ten days of the end of each calendar quarter. On or before April 25 of each year, franchisees must provide exact copies of relevant portions of their and their owners' state and federal income tax returns that reflect the operation of the Papa Ray's Pizza Restaurant.
Aw retains the right to demand that financial statements be prepared annually by an independent certified public accountant and signed by the franchisee. Franchisees must also furnish copies of any other reports, information, or supporting records as Aw may prescribe from time to time. It is important to note that reporting should not include any records or information relating to the franchisee's employees, as labor relations and employment practices are under the franchisee's exclusive control.