By what day of the week must a Crave franchisee provide the Royalty Report?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
- 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, franchisees are required to submit their Royalty Report by Tuesday of each week. This report must itemize the Gross Sales for the preceding week, which ends on Sunday. The report can be submitted via modem, or if that's not available, by facsimile transmission or another delivery method as directed by Crave.
Even though Crave has the right to directly poll the franchisee's point-of-sale system to obtain Gross Sales information, the franchisee is still responsible for providing the Royalty Report. This ensures that Crave receives timely and accurate sales data for royalty calculations.
It's important for prospective Crave franchisees to note this weekly reporting requirement and ensure they have the systems in place to accurately track and report Gross Sales data to Crave by the Tuesday deadline. Failure to submit the Royalty Report on time could potentially lead to penalties or other consequences as outlined in the Franchise Agreement.