How must Big Apple Bagels franchisees report their gross sales?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Fee for Default in Reporting Gross Revenues | $10 per day | Beginning on 8th day after default | You must pay a $10 per day fee if you fail to report Gross Revenues. You must report your Gross Sales electronically (email) |
Source: Item 6 — OTHER FEES (FDD pages 21–25)
What This Means (2025 FDD)
According to Big Apple Bagels's 2025 Franchise Disclosure Document, franchisees must report their gross sales electronically via email. Failure to report gross revenues will result in a penalty fee.
Specifically, Big Apple Bagels charges a fee of $10 per day if a franchisee fails to report gross revenues. This fee begins accruing on the 8th day after the report is due. This highlights the importance of timely and accurate reporting of financial information to Big Apple Bagels.
This type of penalty for late reporting is relatively common in franchising, as franchisors rely on accurate sales data to calculate royalties and assess the overall health of the franchise system. Franchisees should ensure they have systems in place to track and report gross sales promptly to avoid incurring these fees.