How must each report and financial statement submitted to Floyds 99 be verified?

According to Floyds 99's 2025 Franchise Disclosure Document, each report and financial statement submitted to the Franchisor must be signed manually or electronically and verified by the Franchisee. This requirement ensures that the franchisee acknowledges the accuracy and completeness of the information provided to Floyds 99.

This verification process is a standard practice in franchising, as it holds the franchisee accountable for the financial data reported. By requiring a signature, Floyds 99 ensures that the franchisee has reviewed and approved the submitted documents. This helps to maintain transparency and accuracy in financial reporting within the Floyds 99 franchise system.

Furthermore, Floyds 99 also requires franchisees to maintain all books and records for their shop in a manner prescribed by the franchisor, prepare annual balance sheets and profit and loss statements in accordance with GAAP, and preserve these records for at least five years. Floyds 99 also retains the right to inspect and audit these books and records at any reasonable time, at the franchisor's expense. These measures collectively ensure financial accountability and compliance within the franchise system.