What other statements or reports might Hydrodog or the cooperative require along with the monthly contribution?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- (f) no later than the 15th day of each month, each member/franchisee must submit its contribution to the Cooperative, together with such other statements or reports as we or the Cooperative may require, with our prior written approval;
You agree to furnish to us on such forms that we prescribe from time-to-time:
(a) on the fifth (5th) day of each calendar month: a report on your HydroDog Business's Gross Sales during the immediately preceding calendar month with the Royalty payment;
(b) within fifteen (15) days after the end of each calendar quarter: (i) a profit and loss statement for your HydroDog Business for the immediately preceding calendar month and year-to-date; and (ii) a balance sheet as of the end of such month;
(c) within thirty (30) days after the end of your HydroDog Business's fiscal year: (i) annual profit and loss and source and use of funds statements; and (ii) a balance sheet for your HydroDog Business as of the end of such fiscal year;
(d) within ten (10) days after our request: (i) exact copies of federal and state income and other tax returns; and (ii) such other forms, records, books and other information we may periodically require.
13.4 Copies of Reports. You agree to furnish us with a copy of all sales, income and other tax returns relating to your HydroDog Business, at our request. You will also send us copies of any sales or other reports sent to any landlord or governmental agency, at our request.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, franchisees must submit their contribution to the Cooperative no later than the 15th day of each month. Along with this contribution, Hydrodog or the Cooperative may require franchisees to submit other statements or reports, subject to Hydrodog's prior written approval.
Additionally, Hydrodog franchisees must furnish reports to Hydrodog on forms that Hydrodog prescribes. By the fifth day of each month, franchisees must submit a report on their HydroDog Business's Gross Sales during the preceding month, along with the Royalty payment. Within fifteen days after each calendar quarter, franchisees must provide a profit and loss statement for the preceding month and year-to-date, as well as a balance sheet as of the end of such month. Furthermore, within thirty days after the end of the HydroDog Business's fiscal year, franchisees must submit annual profit and loss and source and use of funds statements, along with a balance sheet for the HydroDog Business as of the end of the fiscal year.
Hydrodog also has the right to request additional information from franchisees. Within ten days of Hydrodog's request, franchisees must provide exact copies of federal and state income and other tax returns, as well as any other forms, records, books, and information that Hydrodog may periodically require. Franchisees must also furnish copies of all sales, income, and other tax returns related to their HydroDog Business at Hydrodog's request, as well as copies of any sales or other reports sent to any landlord or governmental agency, also at Hydrodog's request.