How often will Aerus prepare a statement of operations for the System Media Fund?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
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- The System Media Fund is not and will not be used for ordinary operating expenses of our company, and it is not a trust. We do not assume any fiduciary obligation to you or any other franchisee for maintaining, directing, or administering the System Media Fund or for any other reason. We will prepare annually a statement of the operations of the System Media Fund as shown on the books of the System Media Fund, and will make it available to you on an annual basis, upon written request. This annual statement is not required to be audited, but we may choose to provide an audited statement.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 36–43)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, Aerus will prepare a statement of operations for the System Media Fund annually. This statement, reflecting the fund's financial activities as recorded in its books, will be made available to franchisees upon written request.
This annual statement provides franchisees with transparency regarding the System Media Fund's financial management. It allows them to see how the contributions to the fund are being utilized for marketing and promotional activities. While the statement is not required to be audited, Aerus retains the option to provide an audited statement, potentially offering a higher level of assurance.
It is important to note that Aerus has the right to charge the System Media Fund for reasonable administrative costs and overhead related to the fund's direction and implementation. The System Media Fund is not a trust, and Aerus does not assume any fiduciary obligation to franchisees for its maintenance, direction, or administration.