Can the Big Apple Bagels franchisor designate other reports that the franchisee must furnish?

According to Big Apple Bagels' 2025 Franchise Disclosure Document, franchisees are required to furnish various reports to the franchisor. Specifically, franchisees must provide weekly gross revenue reports, copies of register tapes, quarterly and annual profit and loss statements, balance sheets, and copies of state and federal income tax returns.

In addition to these specifically listed reports, Big Apple Bagels franchisees must also furnish "copies of other reports designated by Franchisor and such other forms, reports, records, financial statements, register tapes or reports, supporting records and other information as Franchisor from time to time prescribes." This gives Big Apple Bagels the right to request additional reports and information from franchisees as they deem necessary. All financial statements, reports, and information must be on forms approved by Big Apple Bagels and must be signed and verified by the franchisee.

This requirement ensures that Big Apple Bagels has access to comprehensive and up-to-date information about each franchise location's performance and financial status. This allows them to monitor compliance, assess the overall health of the franchise system, and make informed decisions regarding support, marketing, and operational strategies. For a prospective franchisee, this means being prepared to provide not only the standard financial reports but also any additional reports that Big Apple Bagels may require during the franchise term.