What is the deadline for submitting Gross Sales reports to Bigfoot Forestry?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
We may audit your books and records at any time. You must fully cooperate with us and any Person we hire to conduct the audit. If an audit reveals an understatement of Gross Sales, you must immediately pay us all additional fees you owe together with any late fee imposed pursuant to §13.4. You must reimburse us for the cost of any audit (including reasonable accounting and attorneys' fees and Travel Expenses incurred by us or the auditor) that: (a) is required due to your failure to provide information we request, preserve records or file reports as required by this Agreement; or (b) reveals
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the deadline for submitting Gross Sales reports to Bigfoot Forestry is not explicitly stated. While the document discusses Gross Sales, inspections, and audits, it does not specify when franchisees must submit their Gross Sales reports.
However, the FDD does state that if an audit reveals an understatement of Gross Sales, the franchisee must immediately pay all additional fees owed, along with any late fee. Additionally, franchisees may have to reimburse Bigfoot Forestry for audit costs if the audit was required due to a failure to provide information or file reports as required by the agreement.
To fully understand the requirements, a prospective Bigfoot Forestry franchisee should ask the franchisor about the specific deadlines and methods for submitting Gross Sales reports, as well as the potential consequences for late or inaccurate submissions. This information is crucial for maintaining compliance and avoiding penalties.