When must a Bojangles franchisee submit a statistical report and statement of receipts to the franchisor?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
XII. ACCOUNTING AND RECORDS
- A. Franchisee shall maintain during the term of this Agreement, and shall preserve for at least five (5) years from the dates of their preparation, full, complete, and accurate books, records, and accounts in accordance with generally accepted accounting principles and in the form and manner prescribed by Franchisor from time to time in the Manual or otherwise in writing.
- B. Franchisee shall submit to Franchisor, no later than the fifteenth (15th) day of each month during the term of this Agreement, after the opening of the Franchised Business, a statistical report and statement of receipts, in the form prescribed by Franchisor, accurately reflecting all Gross Sales during the preceding month and such other data or information as Franchisor may require.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, a franchisee must submit a statistical report and statement of receipts to Bojangles no later than the 15th day of each month during the term of the Franchise Agreement, after the opening of the franchised business. This report must accurately reflect all Gross Sales during the preceding month, along with any other data or information that Bojangles may require. The report must be in the form prescribed by Bojangles.
This requirement ensures that Bojangles receives timely and consistent financial data from its franchisees, allowing them to monitor performance, calculate royalties, and maintain brand consistency. Franchisees need to establish accounting practices that allow them to compile and submit these reports accurately and on time to avoid potential penalties or breaches of the franchise agreement.
Submitting the statistical report and statement of receipts is tied to other financial obligations. The monthly royalty fee of 4% and the advertising contribution of 1% of Gross Sales are also due by the 15th of each month, along with the reports. Bojangles reserves the right to directly draft these payments from the franchisee's account. Failure to submit payments or reports on time can result in interest charges of 1½% per month compounded monthly, or the maximum rate permitted by law, whichever is less.