Can Benjamin Franklin Plumbing require financial statements from franchisees more frequently than monthly?

According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, franchisees are typically required to submit financial statements on a monthly basis. Specifically, within fifteen days after the end of each calendar month, a franchisee must provide a statement of financial condition (balance sheet) and a profit and loss statement for both the month and the fiscal year-to-date. These statements must be certified as correct and complete by a key person associated with the franchise.

However, Benjamin Franklin Plumbing retains the right to request these financial statements more frequently than monthly. This provision provides Benjamin Franklin Plumbing with flexibility in monitoring the financial health of its franchisees and responding to any potential concerns in a timely manner.

For a prospective Benjamin Franklin Plumbing franchisee, this means they should be prepared to provide financial statements more often than monthly if requested by the franchisor. This could occur if the franchisor has concerns about the franchisee's performance or if there are broader economic factors that warrant closer monitoring. Understanding this requirement is crucial for managing the administrative and accounting workload associated with operating a Benjamin Franklin Plumbing franchise.