factual

How long must a Bojangles franchisee preserve their books, records, and accounts?

Bojangles Franchise · 2025 FDD

Answer from 2025 FDD Document

[Item 22: CONTRACTS]

X. 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.

Source: Item 22 — CONTRACTS (FDD page 82)

What This Means (2025 FDD)

According to Bojangles's 2025 Franchise Disclosure Document, franchisees must maintain full, complete, and accurate books, records, and accounts during the term of the agreement. Furthermore, these records must be preserved for at least five years from the date of their preparation. This requirement ensures that Bojangles franchisees adhere to generally accepted accounting principles. The records must be kept in the form and manner prescribed by Bojangles, as specified in the manual or in writing.

This stipulation allows Bojangles to ensure financial transparency and compliance across all franchised locations. The five-year retention period is a standard practice in franchising and business in general, aligning with typical legal and auditing requirements.

For a prospective Bojangles franchisee, this means implementing and maintaining a robust record-keeping system from day one. This system should be compliant with both generally accepted accounting principles and any specific guidelines provided by Bojangles. Failure to maintain and preserve these records could result in penalties or other repercussions as outlined in the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.