What was the profit for the year for Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to furnish to us on such forms that we prescribe from time to time:
(a) on the Report Day, a report on your Gross Sales during the preceding Accounting Period;
(b) within 30 days after the end of each Accounting Period, a profit and loss statement and supporting documents for the Petro Center for the immediately preceding Accounting Period and year-to-date and a balance sheet as of the end of such Accounting Period; and
(c) within 120 days after the end of each calendar year, reviewed financial statements prepared by an independent certified public accountant.
The reviewed financial statements must include the following; annual profit and loss statement, statement of cash flows and a balance sheet for your Center as of the end of the calendar year.
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific profit figures for a Petro Stopping Center are not explicitly stated. However, the FDD does outline requirements for franchisees to provide detailed financial reporting to Petro Franchise Systems LLC.
Specifically, franchisees must furnish profit and loss statements. Within 30 days after each accounting period, franchisees must submit a profit and loss statement with supporting documents for the Petro Center, covering both the immediate preceding accounting period and year-to-date figures, along with a balance sheet. Additionally, within 120 days after each calendar year's end, reviewed financial statements prepared by an independent certified public accountant are required. These statements must include an annual profit and loss statement, a statement of cash flows, and a balance sheet for the Petro Center as of the end of the calendar year.
Prospective franchisees should recognize that while the FDD doesn't disclose average or specific profit figures, it emphasizes the importance of accurate and timely financial reporting. Understanding these reporting requirements is crucial for managing the franchise and maintaining compliance with Petro Stopping Center's standards. To gain insights into potential profitability, it is advisable for potential franchisees to directly inquire with the franchisor about typical profit margins or ranges for existing locations, keeping in mind that individual results may vary.