What is the deadline for depositing revenues into the designated bank account for my Beggars Pizza franchise?

According to Beggars Pizza's 2025 Franchise Disclosure Document, franchisees are required to deposit all revenues from the operation of their Beggars Restaurant into a designated bank account within two days of receipt. This includes all forms of payment such as cash, checks, credit card receipts, and other payment methods. The designated bank account must be located within the United States and governed by its laws.

This requirement ensures that Beggars Pizza franchisees maintain a transparent and consistent record of their income. By mandating deposits within two days, Beggars Pizza aims to streamline financial tracking and potentially reduce the risk of mismanagement or discrepancies in reported revenues. This also allows for easier auditing and oversight by the franchisor, ensuring compliance with the franchise agreement.

For a prospective Beggars Pizza franchisee, this means implementing a system for daily reconciliation of sales and prompt deposit of all revenues. Failure to comply with this requirement could lead to penalties or even termination of the franchise agreement. Franchisees should ensure they have the necessary banking infrastructure and procedures in place to meet this obligation.

It is important to note that the FDD excerpt focuses on the timing of revenue deposits and the location of the bank account. For a comprehensive understanding, prospective franchisees should also inquire about any specific reporting requirements, acceptable banking institutions, and the process for handling discrepancies or errors in revenue reporting.