Is the Anago advertising fund required to be audited?

According to Anago's 2025 Franchise Disclosure Document, the advertising fund is not required to be audited. However, if a fund is established, Anago will provide a statement of operations of the fund, if developed, which will be prepared annually by an independent public accountant selected by Anago. Upon reasonable request, Anago will provide a copy of the annual statement of operations to franchisees.

Currently, there is no advertising fund in effect as of the issuance date of the 2025 Disclosure Document. If a fund is developed in the future, businesses owned by Anago and/or its affiliates will also be required to contribute to it. Anago also has the right to terminate the fund at any time, but the fund will not be terminated until all contributions have been expended.

Prospective franchisees should note that Anago does not owe any fiduciary obligation to subfranchisors or unit franchisees for administering the fund or any other reason. Additionally, Anago undertakes no obligation to make expenditures for any individual unit franchisee which are equivalent or proportionate to contributions paid into the fund, or to ensure that any unit franchisee benefits directly or on a pro-rata basis from fund activities.