factual

Besides the royalty fee, what other report is Crave franchise required to submit weekly?

Crave Franchise · 2025 FDD

Answer from 2025 FDD Document

of each week based on the Gross Sales for the preceding week ending Sunday, provided that such day is a business day. If the date on which such payments would otherwise be due is not a business day, then payment shall be due on the next business day.

  • 4.2.2 Each such Royalty Fee shall be preceded by a royalty report itemizing the Gross Sales for the preceding week ending Sunday ("Royalty Report") and any other reports required hereunder. Notwithstanding the foregoing, you shall provide us with such Royalty Report by Tuesday of each week by modem or, if not reasonably available, by facsimile transmission or such other method of delivery as we may reasonably direct. As stated herein, we have the right to poll your point-of-sale system directly to obtain such Gross Sales information, but this does not diminish your responsibility to provide us with the required Royalty Report.

Source: Item 23 — RECEIPTS (FDD pages 63–253)

What This Means (2025 FDD)

According to Crave's 2025 Franchise Disclosure Document, in addition to the weekly royalty fee, franchisees are required to submit a royalty report each week. The royalty report must itemize the gross sales for the preceding week ending on Sunday. Crave requires franchisees to submit the royalty report by Tuesday of each week via modem, or if not reasonably available, by facsimile transmission or such other method of delivery as Crave may reasonably direct.

Crave also retains the right to directly poll the franchisee's point-of-sale system to obtain gross sales information. However, this ability does not relieve the franchisee of their responsibility to provide the required royalty report. This ensures that Crave receives consistent and timely sales data for calculating royalties and monitoring the performance of the franchise.

For Crave food truck franchises, franchisees must provide separate Royalty Reports and any other reports, including electronic reporting, required under the Franchise Agreement for the Food Truck.

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.