What happens if a Cinnaholic franchisee fails to submit financial statements when due?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
urance certificates upon the annual renewal of the policies and all health and safety inspection reports; and
- (vii) Any other data, information and supporting records reasonably requested by Franchisor, including account login and password information for any delivery service applications, social media sites or other electronic media.
All reports or other information required to be submitt
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, franchisees are required to submit various reports and information to the franchisor's franchise department. These include annual financial statements, tax forms, statements of local advertising expenditures, insurance certificates, health and safety inspection reports, and any other reasonably requested data.
If a Cinnaholic franchisee fails to provide any of the required reports or information by the specified deadline, Cinnaholic may charge a late submission fee of $100.00. This fee serves as a penalty for non-compliance with the reporting requirements outlined in the franchise agreement.
This policy encourages Cinnaholic franchisees to maintain organized records and adhere to deadlines, ensuring that Cinnaholic has access to the necessary information for monitoring the performance and compliance of its franchise locations. Franchisees should be aware of these requirements and plan accordingly to avoid incurring late submission fees.