What information is included in the summary statement of the Brand Development Fund for Bang Cookies?

According to Bang Cookies' 2024 Franchise Disclosure Document, a summary statement of the monies collected and costs incurred by the Brand Development Fund for the franchisor's immediately preceding fiscal year will be made available to a franchisee upon the franchisee's written request.

This means that Bang Cookies franchisees have the right to request a report detailing how the Brand Development Fund is managed. This report would include information on the total amount of money collected from franchisees and how that money was spent during the previous year.

It is important for prospective franchisees to understand this right, as the Brand Development Fund is supported by franchisee contributions. Reviewing the summary statement can provide insight into how Bang Cookies is utilizing these funds for advertising, marketing, and other brand-related activities. Franchisees should make a written request to Bang Cookies to obtain this summary statement to ensure they are fully informed about the fund's financial activities.