Does the Beauty Bungalows disclosure document include an Electronic Funds Transfer exhibit?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT J
ELECTRONIC FUNDS TRANSFER AUTHORIZATION FORM
Source: Item 23 — RECEIPTS (FDD pages 48–177)
What This Means (2025 FDD)
Yes, according to Beauty Bungalows' 2025 Franchise Disclosure Document, Exhibit J is an Electronic Funds Transfer Authorization Form. This means that Beauty Bungalows requires or permits franchisees to authorize electronic fund transfers for certain payments.
Electronic Funds Transfer (EFT) is a common method for franchisors to collect royalties, marketing fees, and other payments from franchisees. By including this exhibit, Beauty Bungalows establishes the framework for how these transactions will be handled.
As a prospective franchisee, it is important to carefully review the Electronic Funds Transfer Authorization Form (Exhibit J) to understand the terms and conditions, including the frequency of transfers, the amounts that will be transferred, and the procedures for resolving any disputes related to EFT payments. Understanding this exhibit is crucial for managing your finances as a Beauty Bungalows franchisee.