Will Anago provide Subfranchisors with a copy of the annual statement of operations for the Advertising Fund?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
A statement of operations of the Fund, if developed, will be prepared annually by an independent public accountant selected by Franchisor.
Upon reasonable request, Franchisor will provide Subfranchisor a copy of the annual statement of operations.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, if Anago establishes an advertising fund, they will have a statement of operations prepared annually by an independent public accountant. Upon a reasonable request, Anago will provide the Subfranchisor with a copy of this annual statement of operations.
This means that Anago Subfranchisors have the ability to request and receive financial information regarding the advertising fund, allowing them to see how the fund is being managed and how the contributions are being spent. This promotes transparency and accountability in the use of advertising funds.
It is important to note that the statement of operations will only be prepared if an advertising fund is developed. The FDD does not specify how often a Subfranchisor can request this statement, only that the request must be reasonable.