How is interest earned on monies contributed to the Bang Cookies Brand Development Fund used?

According to Bang Cookies's 2024 Franchise Disclosure Document, all interest earned on monies contributed to the Brand Development Fund will be used to pay the costs of the Brand Development Fund before other assets of the Brand Development Fund are expended.

This means that any interest accrued on the funds earmarked for brand development will first be applied to cover the expenses associated with managing and operating the fund itself. These expenses can include administrative costs, marketing expenses, and other costs related to brand development activities.

For a prospective Bang Cookies franchisee, this implies that the interest earned on their contributions to the Brand Development Fund will be used to offset the fund's operational costs, potentially maximizing the impact of the remaining funds on advertising, marketing, and brand-building initiatives. Franchisees should be aware that the franchisor has considerable discretion over how the Brand Development Fund is managed and spent.