factual

When must the Bath Tune Up franchisee submit monthly Gross Revenue reports?

Bath_Tune_Up Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (b) Franchisee will submit monthly Gross Revenue reports by the fifth day of the month for the immediately preceding calendar month in the form and via the method prescribed by Franchisor from time to time in the Manuals or otherwise in writing.

  • (c) Franchisee will submit monthly profit and loss statements by the fifth day of the month for the immediately preceding calendar month in the form and via the method prescribed by Franchisor from time to time in the Manual or otherwise in writing.

  • (d) Franchisee will maintain during the Term, and for a period of 36 months following expiration or termination of this Agreement for any reason, complete and accurate records of all Gross Revenue and Product purchases related to the Franchised Business, in the form and manner specified by Franchisor in the Manual.

Source: Item 22 — CONTRACTS (FDD page 52)

What This Means (2025 FDD)

According to Bath Tune Up's 2025 Franchise Disclosure Document, franchisees are required to submit monthly Gross Revenue reports by the fifth day of each month. These reports must cover the Gross Revenue for the immediately preceding calendar month. The reports must be submitted in the format and via the method prescribed by Bath Tune Up, as detailed in the manuals or otherwise communicated in writing.

In addition to Gross Revenue reports, Bath Tune Up franchisees must also submit monthly profit and loss statements by the fifth day of the month for the immediately preceding calendar month. Franchisees are also obligated to maintain complete and accurate records of all Gross Revenue and Product purchases related to the franchised business for the duration of the franchise term and for 36 months following its expiration or termination. These records must be maintained in the form and manner specified by Bath Tune Up in its manuals.

These requirements ensure that Bath Tune Up has access to timely and accurate financial information from its franchisees, allowing for effective monitoring and management of the franchise system. Franchisees should be diligent in meeting these reporting deadlines and maintaining accurate records to avoid potential issues or penalties. Failure to submit Gross Revenue reports on time may result in the franchisor imputing a Gross Revenue of $60,000 for the month for royalty calculation purposes.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.