By what day of each month must a Mr. Sandless franchisee submit their complete and accurate revenue statement?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
be booked on a cash basis. Sales relating to items or services for which the full purchase price has been refunded or the item exchanged shall be excluded from Gross Sales at the time of refund or exchange, provided that any such sales have previously been included in Gross Sales. There is no royalty due the first three (3) months after opening, transfers not included. You are deemed open after your first paying job.
10.3 Gross Sales Reports
You must send us monthly Gross Sales reports ("Gross Sales Reports") by the fifteenth (15th) day of each calendar month for the Gross Sales generated in the immediately preceding calendar month. The Gross Sales Reports must set forth your monthly Gross Sales generated during th
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, franchisees are required to submit their monthly Gross Sales reports by the 15th day of each calendar month. These reports must reflect the Gross Sales generated in the immediately preceding calendar month.
The Gross Sales Reports must include the monthly Gross Sales, the number of jobs performed during the previous month, and any other information that Mr. Sandless may require. Mr. Sandless retains the right to modify the form and content of these reports as needed.
Failure to accurately report sales can result in significant penalties. Specifically, underreporting sales, underreporting on the Gross Sales Report, or concealing jobs and income can lead to a fine of $2,500 per occurrence and may also result in the termination of the franchise agreement. This underscores the importance of maintaining accurate records and transparent reporting to Mr. Sandless.