Correspondence · 9 Oct 1997
Registered letter Collorafi → McDonald's
Correspondence exchanged between the parties (or their counsel) in the course of the dispute.
- Type
- Correspondence
- Date
- 9 Oct 1997
- Parties
- From Bernard Collorafi
Summary
Summary sheet
Letter — Bernard Collorafi to McDonald's France · 9 October 1997
Overview: letter from Bernard Collorafi (GIE SODEVA, Antibes) addressed to Isabelle Kuster, of McDonald's France in Aix-en-Provence, in reply to a letter of 22 September 1997.
Key points
Collorafi responds to the reminders concerning unpaid rent invoices. He explains that substantial falls in turnover have led to a cash shortfall and states that he discussed this on four occasions with Jean-Christophe Gaumier, financial adviser, during visits held on 5 March, 7 May, 15 May and 28 August 1997. He specifies that his accounts department is in regular contact with head office accounting regarding the reminders and says he is available for any audits desired. The letter is accompanied by accounting documents: accounting position as at 31 August 1997 of the companies SEBOL and B et O, reconciled income statements, loan amortisation schedules, bank reconciliations and forecast income statements for 1998.
Significance
This correspondence documents the cash-flow difficulties invoked by the franchisee, a few months before McDonald's terminated the agreements; it sheds light on the origin of the unpaid fees.
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