Does the Beauty Bungalows disclosure document include a Financial Statements exhibit?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
| listed below (check all that have been involved in the sales process): | ||
|---|---|---|
| □ Traci Hawkins □ Jade Blevens | ||
| 257 Wake Forest Road, Costa Mesa, CA 92626 209-996-8722 Franchise@BeautyBungalows.com | Franchise Brokers, Consultants, or Franchise Development Company Representatives (if any) □ (Name) (Address) (Phone) Issuance Date: March 10, 2024 I received a disclosure document that included the following Exhibits: | |
| A. | Financial Statements | |
| B. | Franchise Agreement & Exhibits | |
| C. | State Administrators and Agents for Service of Process | |
| D. | List of Current and Former Franchisees | |
| E. | State Specific Addenda | |
| F. | Manual Table of Contents | |
| G. | Nondisclosure and Noncompetition Agreement | |
| H. | Multi-Unit Development Agreement | |
| I. | Form of General Release | |
| J. | Electronic Funds Transfer | |
| K. | Lease Rider | |
| L. | State Effective Dates | |
| Receipts | ||
| Date Received: | ||
| Signature: | ||
| Print Name: |
Source: Item 23 — RECEIPTS (FDD pages 48–177)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the disclosure includes a Financial Statements exhibit. Specifically, the receipt form included in Item 23 lists several exhibits included in the disclosure document. Prospective franchisees are required to acknowledge receipt of these exhibits by signing the receipt.
The exhibits listed on the receipt form provide important information for potential franchisees to review before investing in a Beauty Bungalows franchise. These exhibits cover various aspects of the franchise agreement, including financial performance, legal obligations, and contact information for current and former franchisees.
The inclusion of a Financial Statements exhibit is a standard practice in franchising, as it allows potential franchisees to assess the financial health and stability of the franchisor. Reviewing these statements can help franchisees make informed decisions about their investment. Other exhibits include the Franchise Agreement & Exhibits, State Administrators and Agents for Service of Process, List of Current and Former Franchisees, State Specific Addenda, Manual Table of Contents, Nondisclosure and Noncompetition Agreement, Multi-Unit Development Agreement, Form of General Release, Electronic Funds Transfer, Lease Rider, and State Effective Dates.
By providing these exhibits, Beauty Bungalows aims to ensure transparency and provide potential franchisees with the necessary information to evaluate the franchise opportunity. Franchisees should carefully review all exhibits and seek professional advice before making any investment decisions.