When must a Ben Jerrys operator submit an annual profit and loss statement?

According to Ben Jerrys's 2025 Franchise Disclosure Document, a Ben & Jerry's operator must submit an annual profit and loss statement no later than 60 days after the end of each calendar year. This statement should reflect all gross sales during the preceding calendar year, along with any other information Ben Jerrys specifies. The profit and loss statements must be prepared on an accrual basis and in accordance with Generally Accepted Accounting Principles (GAAP).

This requirement ensures that Ben Jerrys receives timely and accurate financial information from its franchisees, allowing them to monitor the financial health of individual locations and the overall franchise system. By requiring GAAP-compliant statements, Ben Jerrys aims to maintain consistency and comparability across all franchise operations. The franchisor also retains the right to request additional forms, statements, reports, records, information, and data as needed.

For a prospective Ben Jerrys franchisee, this means maintaining meticulous financial records throughout the year and adhering to GAAP standards when preparing the annual profit and loss statement. Failing to submit the statement on time or accurately could result in penalties or other consequences as outlined in the franchise agreement. Franchisees should consult with a qualified accountant to ensure compliance with these financial reporting requirements.