Can Moes Southwest Grill change the deadline for submitting the profit and loss statement, and if so, how?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
On or before February 1st of each year (or such other date specified by us in the Manuals or otherwise in writing, which may be by email or other electronic communications), you must furnish to us a statement of the profit and loss of the Franchised
Business for the last fiscal year and a balance sheet as of the end of the last fiscal year, prepared in accordance with our requirements and certified by you to be true and correct.
Source: Item 22 — Contracts (FDD page 92)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, the deadline for franchisees to submit their profit and loss statement is on or before February 1st of each year. However, Moe's Southwest Grill has the right to change this deadline.
Moe's Southwest Grill can specify a different date for submitting the profit and loss statement. This can be communicated through the manuals, in writing, or via email or other electronic communications. This gives Moe's Southwest Grill flexibility to adjust reporting deadlines as needed.
It is important for prospective Moe's Southwest Grill franchisees to understand that the reporting deadline is subject to change. Franchisees should pay close attention to any updates or notifications from Moe's Southwest Grill regarding changes to the reporting deadline to avoid potential penalties, such as the Late Reporting Fee, which is currently $50 per week for late submissions.