How often must Learningrx franchisees prepare profit and loss statements?

According to Learningrx's 2025 Franchise Disclosure Document, franchisees are required to prepare profit and loss statements at least quarterly. These quarterly statements do not need to be prepared by a certified public accountant (CPA).

In addition to the quarterly profit and loss statements, Learningrx franchisees must also have an independent Certified Public Accountant prepare annual profit and loss statements. The franchisor requires these statements to ensure accurate financial reporting and to evaluate the franchisee's business performance.

These requirements ensure that Learningrx franchisees maintain sound financial practices and provide the franchisor with the necessary data to monitor the overall health and performance of the franchise system. Franchisees should factor in the costs associated with preparing these financial statements, especially the annual statements prepared by an independent CPA, when assessing the financial viability of the franchise.