By what day of the month must a Mr. Sandless franchisee submit their Gross Sales Reports?
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 the 2025 Mr. Sandless Franchise Disclosure Document, franchisees are required to submit their monthly Gross Sales Reports by the fifteenth day of each calendar month. These reports must detail the Gross Sales generated during the immediately preceding month, the number of jobs performed, and any other information that Mr. Sandless may require.
This requirement ensures that Mr. Sandless receives timely and accurate financial information from its franchisees, allowing them to monitor performance and calculate royalties and advertising fees. Franchisees must maintain accurate records of their sales and jobs to comply with this reporting requirement. Failure to accurately report sales or concealing income can result in a fine of $2,500 per occurrence and potential termination of the franchise agreement.
Submitting Gross Sales Reports by the 15th of each month is a standard practice in franchising, enabling franchisors to maintain consistent oversight of their network's financial health. Mr. Sandless franchisees should establish internal processes to ensure timely and accurate reporting to avoid penalties and maintain a positive relationship with the franchisor.