factual

Who designates and approves the third-party accounting services firm that a Baya Bar franchisee may be required to engage?

Baya_Bar Franchise · 2024 FDD

Answer from 2024 FDD Document

  • 12.3.7 In addition to the requirements of Section 6.4, Franchisee shall pay all fees, whether to Franchisor or to third party vendor(s), and expenses for technology required by this Agreement for operation of the Franchised Business, including but not limited to, the costs of computer hardware and software and applications, installation costs and regularly recurring fees for software and digital menu displays, Internet access, license fees, help desk fees, and licensing or user-based fees.

Source: Item 22 — CONTRACTS (FDD page 56)

What This Means (2024 FDD)

Based on the 2024 Baya Bar Franchise Disclosure Document, it is not specified whether Baya Bar designates or approves a third-party accounting services firm that a franchisee may be required to engage. The document does not provide information regarding the selection or approval process for accounting services.

However, the FDD does state that franchisees must pay all fees, whether to Baya Bar or to third-party vendors, and expenses for technology required by the agreement for the operation of the franchised business. This includes costs of computer hardware and software and applications, installation costs and regularly recurring fees for software and digital menu displays, Internet access, license fees, help desk fees, and licensing or user-based fees.

Prospective franchisees should inquire with Baya Bar directly about any requirements or recommendations for accounting services, including whether there are approved vendors or specific accounting practices that must be followed. This information is crucial for understanding the full scope of operational costs and compliance requirements.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.