What does the franchisee acknowledge regarding the Statement of Ownership for a Beauty Bungalows franchise?

The 2025 Beauty Bungalows Franchise Disclosure Document includes a Statement of Ownership as Appendix D to the Franchise Agreement. While the document mentions this appendix, it does not specify what information the franchisee acknowledges or agrees to within that statement. The FDD lists the Statement of Ownership as one of several attachments to the franchise agreement, but it does not describe the specific contents or acknowledgements contained within that statement.

Without further details, it is unclear what specific obligations or representations a franchisee makes when signing the Statement of Ownership. Franchise agreements often use such statements to verify the franchisee's legal structure, ownership percentages, and responsible parties. This information is crucial for Beauty Bungalows to ensure compliance and proper management of the franchise.

A prospective Beauty Bungalows franchisee should carefully review Appendix D and seek clarification from the franchisor regarding the Statement of Ownership. Specifically, they should ask what information they are required to provide, what representations they are making by signing the document, and what the implications are for any changes in ownership structure during the term of the franchise agreement.