Does the Beauty Bungalows Franchise Agreement specify any financial thresholds related to the 'Statement of Ownership' for a Beauty Bungalows franchise?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
ATTACHMENTS
Appendix A – Franchisee Data Sheet
Schedule 1 – Protected Territory Acknowledgement
Appendix B – Electronic Payment Authorization
Appendix C – Collateral Assignment of Telephone Numbers, Addresses, and Listings
Appendix D – Statement of Ownership
Appendix E – Guaranty and Assumption of Franchisee's Obligations
Appendix F – Sample General Release
Appendix G – Lease Rider
Source: Item 22 — CONTRACTS (FDD pages 47–48)
What This Means (2025 FDD)
The 2025 Beauty Bungalows Franchise Disclosure Document (FDD) includes a 'Statement of Ownership' as part of its attachments to the franchise agreement. However, the provided excerpts do not specify any financial thresholds or conditions related to this statement.
While the FDD mentions the 'Statement of Ownership' as Appendix D, it does not detail the specific requirements or financial implications associated with it. The franchise agreement includes various financial obligations, such as the initial franchise fee of $49,900 and ongoing technology fees, but these are not directly linked to the 'Statement of Ownership.'
A prospective Beauty Bungalows franchisee should ask the franchisor for a copy of Appendix D and request clarification on what information is required in the 'Statement of Ownership,' and whether any financial thresholds or conditions apply to the ownership structure of the franchise.