What is the deadline for a Cinnabon franchisee to submit the annual profit and loss statement?

According to Cinnabon's 2025 Franchise Disclosure Document, franchisees must submit their statement of profit and loss for the last fiscal year, along with a balance sheet as of the end of the last fiscal year, to Cinnabon on or before February 1st of each year. These financial statements must be prepared according to Cinnabon's requirements and certified by the franchisee as true and correct. However, Cinnabon retains the right to change this deadline, which they would communicate to franchisees through the manuals or in writing, potentially via email or other electronic means.

This requirement ensures that Cinnabon can monitor the financial performance of its franchise locations and maintain consistent brand standards. Franchisees should be aware of this annual reporting obligation and ensure their accounting practices align with Cinnabon's standards. The franchisor also has the right to demand audited financial statements if a financial-related default has occurred under the Franchise Agreement within the last calendar year.

In addition to the annual profit and loss statement, Cinnabon franchisees are also obligated to provide copies of all tax returns (federal, state, and local income tax returns) relating to the franchised business or the franchisee's entity, no later than 90 days following Cinnabon's request. Franchisees must also accurately record all revenues the Franchised Business receives or is entitled to receive and maintain accurate and complete books, records, tax returns, and all business, personnel, financial, and operating records related to the Franchised Business, including related supporting material, such as bank statements, POS tapes/records, cash receipts and credit and charge records, for at least 3 years.