By what day of the week must a Crepe De Licious franchisee submit weekly reports?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
omplete and accurate accounting books and records relating to the Franchised Business in accordance with generally-accepted accounting principles and standards, subject to this Agreement and other reasonable accounting standards we may specify periodically.
- 8.11 Reports. You will prepare written periodic reports, in the forms required by the System Standards, containing the information we require about your operations during each reporting period. You will submit all required weekly reports by Tuesday each week for the preceding business week (Monday through Sunday). We may reasonably request in writing to modify the deadline days and times for submission of all reports. You will submit all required semi-monthly reports to us within 15 days after the semi-monthly period to which they relate. You will submit all required monthly reports to us within 15 days after the month to which they relate, and all other reports within the time period required by the System Standards. If you do not submit the monthly reports to us within five days of the request, you will be required to pay a late fee of $100 per occurrence and $100 per week until you submit the required report. These fees will be deposited into the Advertising Fund. You will prepare and submit other reports and information about your operations as we may reasonably request in writing or as required by the System Standards. We may
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, franchisees are required to submit weekly reports by Tuesday of each week. These reports must cover the preceding business week, which is defined as Monday through Sunday.
Crepe De Licious may modify the deadlines for report submissions, but they must provide written notice to the franchisee. This flexibility allows Crepe De Licious to adjust reporting schedules as needed, but franchisees will receive formal communication regarding any changes.
Failure to submit monthly reports within five days of a request from Crepe De Licious will result in a late fee of $100 per occurrence, plus an additional $100 per week until the report is submitted. These late fees are allocated to the Advertising Fund. Franchisees must also submit semi-monthly and monthly reports within 15 days after the close of the relevant period, and other reports as required by the System Standards.