How often must a B Bops franchisee submit a profit and loss statement?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
Each royalty payment shall be accompanied by a gross sales report prepared in a format prescribed by Company.
Within thirty (30) days of the close of each calendar month during the Term hereof, Franchisee shall complete, execute and deliver to Company, on forms specified and provided by Company, a complete and accurate profit and loss statement for such calendar month.
Franchisee shall additionally submit to Company a copy of all federal income tax returns covering the operations of the Franchise within thirty (30) days of the filing thereof with the Internal Revenue Service.
Company reserves the right to modify the reporting obligations of Franchisee as set forth herein and to implement alternative methods of reporting.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, franchisees are required to submit a profit and loss statement to B Bops on a monthly basis. Specifically, the franchisee must complete, execute, and deliver to B Bops a complete and accurate profit and loss statement for each calendar month within thirty days of the close of that month. These statements must be on forms specified and provided by B Bops.
This monthly reporting requirement allows B Bops to monitor the financial performance of each franchise unit closely. This enables them to identify trends, potential issues, and areas where franchisees may need support. For a prospective franchisee, this means a consistent and ongoing obligation to track and report financial data accurately and promptly.
In addition to the monthly profit and loss statements, B Bops franchisees must also submit a copy of their federal income tax returns covering the operations of the franchise within thirty days of filing with the Internal Revenue Service. B Bops also retains the right to modify these reporting obligations and implement alternative reporting methods, so franchisees should stay informed of any changes to these requirements.