How often will 7 Brew provide a statement of Brand Fund collections and expenses?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
We will prepare an annual, unaudited statement of Brand Fund collections and expenses and share the statement electronically within sixty (60) days after our fiscal-year end or otherwise give you a copy of the statement upon reasonable request.
We may (but need not) have the Brand Fund audited annually, at the Brand Fund's expense, by a certified public accountant we designate.
Source: Item 22 — CONTRACTS (FDD pages 82–83)
What This Means (2025 FDD)
According to 7 Brew's 2025 Franchise Disclosure Document, franchisees will receive an annual, unaudited statement of Brand Fund collections and expenses. This statement will be shared electronically within sixty days after the fiscal year end. Alternatively, a franchisee can request a copy of the statement.
This provides transparency to 7 Brew franchisees regarding how the Brand Fund is managed. The Brand Fund is used for advertising, marketing, and other activities to promote the 7 Brew brand. Knowing the collections and expenses allows franchisees to see where their contributions are being allocated.
While the statement is unaudited, 7 Brew retains the option to have the Brand Fund audited annually by a certified public accountant, at the Brand Fund's expense. This provides an additional layer of potential oversight, though it is not guaranteed. Franchisees have the right to request a copy of the annual statement, allowing them to stay informed about the Brand Fund's financial activities.