How often must a Bens Soft Pretzels franchisee submit a report of gross sales?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
Each week you must submit to us a report of your Gross Sales with respect to the preceding week on the day and in the form and content as we periodically prescribe.
The weekly report or other reports that we may require will include, but not be limited to, the following information for the preceding the applicable reporting period: (i) amount of Gross Sales and gross receipts of the Store, amount of sales tax and the computation of the Royalty Fee and the Advertising Fund Fee; (ii) quantities of products purchased and the sources from which each were obtained; (iii) copies of your most recent sales tax return, sales summary and monthly balance sheet and statement of profit and loss, including a summary of your costs for utilities, labor, rent and other material cost items (iv) if requested by us to verify your Gross Sales, all such books and records as we may require under our audit policies published from time to time.
You also must, at your expense, submit to us within 90 days after the end of each fiscal year a detailed balance sheet, profit and loss statement and statement of cash flows for such fiscal year.
We may require that the annual financial statements be reviewed by a certified public accountant.
You must certify all reports to be true and correct.
You acknowledge and agree that we have the right to impose these requirements on you regardless of whether we impose the same requirement on our other franchisees.
Source: Item 22 — CONTRACTS (FDD pages 46–47)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, franchisees are required to submit a report of their gross sales to Bens Soft Pretzels on a weekly basis. This report must be submitted for the preceding week, on a day, and in a format that Bens Soft Pretzels prescribes periodically.
The weekly report must contain specific information, including the amount of gross sales and gross receipts, the amount of sales tax, and the computation of the Royalty Fee and the Advertising Fund Fee. Additionally, franchisees must report the quantities of products purchased and their sources. Bens Soft Pretzels may also require copies of the franchisee's most recent sales tax return, sales summary, and monthly balance sheet and statement of profit and loss, including a summary of costs for utilities, labor, rent, and other material cost items.
To verify gross sales, Bens Soft Pretzels has the right to request any books and records under its audit policies. Franchisees are also obligated to submit a detailed balance sheet, profit and loss statement, and statement of cash flows for each fiscal year within 90 days of the year's end. These annual financial statements may need to be reviewed by a certified public accountant, as required by Bens Soft Pretzels. All reports submitted must be certified as true and correct by the franchisee.
Bens Soft Pretzels retains the right to impose these reporting requirements regardless of whether the same requirements are imposed on other franchisees. Franchisees must also maintain detailed daily sales records, cost of sales, and other relevant information in an electronic format approved by Bens Soft Pretzels. These records must be preserved and retained for at least 36 months, and Bens Soft Pretzels must be allowed electronic and manual access to all records relating to the store.