When must a City Wide franchisee submit the end-of-month activity report to City Wide?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.5 Activity Report.
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, a franchisee must submit the end-of-month (EOM) activity report to City Wide by the tenth day of each month. This report pertains to the preceding month and must be in a format approved by City Wide, as detailed in the Operating Manual.
This requirement ensures that City Wide receives timely updates on the franchisee's business activities. The activity report is a crucial tool for City Wide to monitor the performance of individual franchises and the overall health of the City Wide system. Franchisees should familiarize themselves with the specific format and content requirements outlined in the Operating Manual to ensure compliance.
Failure to submit the report on time could potentially lead to breaches of the franchise agreement, as timely reporting is a standard expectation in franchising. Franchisees should maintain accurate records and establish internal processes to facilitate the preparation and submission of these reports by the specified deadline.