factual

What form must the end-of-month activity report for City Wide be in?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

By the tenth (10th) day of each month during the term of this Agreement, Franchisee shall provide CITY WIDE with an end of the month (EOM) activity report for the preceding month in a form approved by CITY WIDE, and as further set forth in the Operating Manual.

Source: Item 22 — CONTRACTS (FDD page 65)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, the end-of-month (EOM) activity report that franchisees must submit should be in a format approved by City Wide. This specific format will be detailed further in the City Wide Operating Manual. Franchisees are required to provide this report to City Wide by the tenth day of each month, covering the activities of the preceding month.

This requirement ensures that City Wide receives consistent and standardized information from all its franchisees, allowing for effective monitoring of business activities and performance across the franchise system. The Operating Manual serves as a key resource for franchisees to understand the exact requirements and format for these reports.

Furthermore, City Wide also requires franchisees to submit quarterly local advertising reports on a form approved by City Wide, no later than fifteen days after the end of each fiscal quarter. Franchisees must also provide financial statements, with monthly profit and loss statements and balance sheets due by the fifteenth of the following month. These reporting requirements enable City Wide to maintain oversight and provide support to its franchisees.

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.