What documentation must a Boulder Designs franchisee submit to establish that all certifications required during the Initial Term are in good standing for renewal?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
f required by Franchisor, such financial statements shall be compiled, reviewed or audited by a certified public accountant. Franchisee shall submit to Franchisor such other periodic reports in the manner and at the time specified in the Manual or otherwise in writing.
Section 12.5 Other Reports
Franchisee shall fill out and submit a Quality Control Data Sheet for every job completed. These reports are due annually July 31 for all projects January 1st through June 30th and the report is due annually January 31st for all projects done between July 1st through December 31st of the prior year.
Franchisee shall submit the Local Marketing Report annually along with the Gross Revenue Reports as stated in Section 12.3.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
Based on the 2025 Boulder Designs Franchise Disclosure Document, the specific documentation required to establish that all certifications are in good standing for renewal is not explicitly detailed in the provided excerpts. However, the FDD does outline several reporting requirements that franchisees must adhere to, which may be relevant to demonstrating compliance with required certifications. These reports include Quality Control Data Sheets, Local Marketing Reports, and Gross Revenue Reports.
According to Section 12.5, franchisees must submit a Quality Control Data Sheet for every job completed, with reports due annually on July 31 for projects from January 1st through June 30th, and on January 31 for projects from July 1st through December 31st of the prior year. Additionally, franchisees are required to submit Local Marketing Reports annually along with Gross Revenue Reports. The franchisee must also submit copies of all state sales tax returns and any other records reasonably requested by Boulder Designs. All reports submitted must be certified as true and correct.
While these reports do not directly confirm certification status, they provide a mechanism for Boulder Designs to monitor the franchisee's adherence to quality control, marketing, and financial standards. A prospective franchisee should inquire with the franchisor about what specific documentation or processes are necessary to demonstrate that all required certifications are current and in good standing for franchise renewal. This information is crucial for understanding the full scope of compliance obligations and ensuring a smooth renewal process.