What form does Beggars Pizza prescribe for franchisees to submit financial statements?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.1 Gross Sales Reports.
Franchisee must record all sales on a point-of-sale recordkeeping and control system designated by Franchisor, or on any other equipment specified by Franchisor in the Manual or otherwise in writing.
Franchisee must maintain a record of all Gross Sales and expenses using such software or other means as specified by Franchisor in the Manual or otherwise in writing.
Franchisee must provide Franchisor with such Gross Sales records together with Franchisee's Royalty Fee payments as required by Section 4.5 hereof.
Such reports must be submitted to Franchisor by such means as designated by Franchisor in the Manual or otherwise in writing including, without limitation, an Internet-based management system or other system that allows Franchisor instant, unrestricted access to Franchisee's sales information.
Any report not actually received by Franchisor on or before the due date will be deemed overdue.
If a report is overdue, all payments to Franchisor for that Accounting Period, whether or not timely received, will be deemed overdue until such time as Franchisor has received the required report, and late charges will be due as provided in Section 4.5.
Franchisor may access any business information or data collected and generated on Franchisee's p
Source: Item 22 — CONTRACTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, franchisees must record all sales on a point-of-sale recordkeeping and control system designated by Beggars Pizza, or on any other equipment specified by Beggars Pizza in the Manual or otherwise in writing. Franchisees must also maintain a record of all Gross Sales and expenses using such software or other means as specified by Beggars Pizza in the Manual or otherwise in writing.
Franchisees are required to provide Beggars Pizza with Gross Sales records together with Royalty Fee payments. These reports must be submitted to Beggars Pizza by means designated in the Manual or in writing, potentially including an Internet-based management system that provides Beggars Pizza with instant, unrestricted access to the franchisee's sales information.
It's important to note that any report not received by Beggars Pizza by the due date will be considered overdue. If a report is overdue, all payments to Beggars Pizza for that Accounting Period, whether or not timely received, will be deemed overdue until Beggars Pizza receives the required report, and late charges will be due.