When must a Crave Cookies franchisee report weekly Gross Sales to Crave Cookies Franchising?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
- (b) Calculation of Fees. Franchisee shall report weekly Gross Sales, outside of Square, to Crave Cookies Franchising by Tuesday of the following week. If Franchisee fails to report weekly Gross Sales, then Crave Cookies Franchising may withdraw estimated Royalty Fees and Marketing Fund Contributions equal to 125% of the last Gross Sales reported to Crave Cookies Franchising, and the parties will true-up the actual fees after Franchisee reports Gross Sales. Franchisee acknowledges that Crave Cookies Franchising has the right to remotely access Franchisee's point-of-sale system to calculate Gross Sales.
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, franchisees must report their weekly Gross Sales, excluding sales made through Square, to Crave Cookies Franchising by Tuesday of the following week. This requirement is crucial for calculating Royalty Fees and Marketing Fund Contributions owed to Crave Cookies.
If a Crave Cookies franchisee fails to report their weekly Gross Sales on time, Crave Cookies Franchising has the right to estimate these fees and contributions. They may withdraw an amount equal to 125% of the last reported Gross Sales. After the franchisee reports the actual Gross Sales, the parties will then reconcile the difference to ensure accurate payment.
Crave Cookies also retains the right to remotely access a franchisee's point-of-sale system to independently calculate Gross Sales. This access ensures transparency and accuracy in reporting. Franchisees must comply with these reporting procedures to avoid penalties and maintain good standing with Crave Cookies Franchising.