How is a 'Quarter' defined for the purposes of Belocal's quarterly sales requirements?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
A "Quarter" is a three-month period during a year.
A new Quarter begins January 1, April 1, July 1, and October 1 of each year.
If Franchisee fails to satisfy any Quarterly Qualified Sales requirement, Franchisor may provide Franchisee with a Business Improvement Plan with metrics and strategies for Franchisee to improve its Quarterly Qualified Sales.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, a 'Quarter' is defined as a three-month period during a year. The FDD specifies that a new quarter begins on January 1, April 1, July 1, and October 1 of each year.
Belocal franchisees are required to meet a minimum number of Qualified Sales for each Publication they manage, every quarter. The specific number of Qualified Sales is detailed in the Franchise Brand Standards Manual. Belocal retains the right to modify the definition of Qualified Sales, the minimum number required, and any quarter-related requirements at any point during the franchise agreement term.
If a Belocal franchisee fails to meet the Qualified Sales requirement for any quarter, Belocal may provide a Business Improvement Plan. This plan will include metrics and strategies designed to help the franchisee improve their sales performance. Failure to successfully complete the Business Improvement Plan can result in a default under the Franchise Agreement and may lead to termination.
This quarterly sales requirement is a key performance indicator for Belocal franchisees. Prospective franchisees should carefully review the Franchise Brand Standards Manual to understand the specific sales targets and the potential consequences of not meeting them. It is also important to understand Belocal's flexibility to change these requirements during the term of the agreement.