When is the Royalty and Activity Report due for a Bee Organized franchise?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
In additional to the reporting obligations otherwise set forth in this Agreement, Franchisee agrees to the following additional reporting obligations that shall include all of the data and information requested by Franchisor, in Franchisor's Reasonable Business Judgment, and as may be modified by Franchisor from time to time:
- (1) Royalty and Activity Reports on the Due Date each month, Franchisee shall report, transmit, confirm, and/or otherwise make available to Franchisor, the Royalty and Activity Report as designated by Franchisor and in accordance with the terms of this Agreement.
- (2) Monthly Financial Statements and Reports within 30 days of the end of each calendar month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised business including, but not limited to, income statement, statement of cash flows, balance sheet, and other operational reports designated by Franchisor. Franchisee represents that the financial statements, information, and reports submitted to and/or made available to Franchisor shall be and remain true and accurate. The financial statements must be prepared in accordance with GAAP and, additionally, shall reconcile Gross Sales per GAAP to Gross Sales per this Agreement;
- (3) Annual Financial Statements and Reports within 60 days of the end of each calendar year, Franchisee shall submit to Franchisor Franchisee's annual financial statements and other reports related to the operations of the Franchised business including, but not limited to, income statement, statement of cash flows, balance sheet, and other operational reports designated by Franchisor. The financial statements must be prepared by a licensed CPA and in accordance with GAAP and, additionally, shall reconcile Gross Sales per GAAP to Gross Sales per this Agreement;
- (4) Tax Returns Franchisee shall provide to Franchisor, Franchisee's annual federal, state and local tax returns as same are prepared and submitted to the applicable federal, state and local entities. Said tax returns shall be submitted to Franchisor within 45 days of Franchisee or Franchisee's agent filing such returns with the applicable federal, state and local entities; and
- (5) Other Reports Franchisee shall timely submit to Franchisor, all other forms, reports, records, information, and data as Franchisor may reasonably request in writing or as otherwise set forth in the Operations Manual.
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
According to Bee Organized's 2025 Franchise Disclosure Document, franchisees must submit Royalty and Activity Reports on the Due Date each month. The franchisee is required to report, transmit, confirm, and/or otherwise make available to Bee Organized the Royalty and Activity Report as designated by Bee Organized and in accordance with the terms of the Franchise Agreement.
In addition to the Royalty and Activity Reports, franchisees have other reporting obligations. Within 30 days of the end of each calendar month, franchisees must submit monthly financial statements and other reports related to the operations of the franchised business. These include, but are not limited to, an income statement, statement of cash flows, balance sheet, and other operational reports designated by Bee Organized. The financial statements must be prepared in accordance with GAAP and reconcile Gross Sales per GAAP to Gross Sales per the Franchise Agreement.
Annually, within 60 days of the end of each calendar year, franchisees must submit annual financial statements and other reports related to the operations of the franchised business. These statements must be prepared by a licensed CPA and in accordance with GAAP, also reconciling Gross Sales per GAAP to Gross Sales per the Franchise Agreement. Franchisees must also provide their annual federal, state, and local tax returns within 45 days of filing them with the applicable entities. Finally, franchisees must timely submit all other forms, reports, records, information, and data as Bee Organized may reasonably request in writing or as otherwise set forth in the Operations Manual.