For Bombs Away, are voids included in the calculation of 'Gross Sales'?

According to Bombs Away's 2024 Franchise Disclosure Document, the calculation of gross sales does not include voids. The FDD specifies that "Gross Sales" means the total of all collected revenue in a period, not including discounts, taxes, tips/gratuity or voids."

This definition is important for prospective Bombs Away franchisees because it clarifies the basis upon which royalties and other fees are calculated. By excluding voids from gross sales, Bombs Away ensures that franchisees are not paying fees on transactions that were not actually completed or resulted in revenue.

Furthermore, the franchise agreement specifies that franchisees must report monthly Gross Sales to Bombs Away Franchising by the 2nd day of the following month. Bombs Away also retains the right to remotely access the franchisee's point-of-sale system to calculate Gross Sales. This ensures accurate reporting and payment of fees, as well as the franchisor's ability to verify sales data independently.