According to Beauty Bungalows' 2025 Franchise Disclosure Document, Appendix D to the Franchise Agreement includes a Statement of Ownership. The document itself does not specify what the franchisee acknowledges by signing this statement. The FDD does not include the actual Statement of Ownership form.

Typically, a Statement of Ownership requires the franchisee to disclose all individuals or entities that have an ownership stake in the franchise. This includes providing names, addresses, and the percentage of ownership for each party. The purpose is to ensure Beauty Bungalows knows who the controlling parties are and that all owners are bound by the terms of the Franchise Agreement.

A prospective Beauty Bungalows franchisee should carefully review the Statement of Ownership form and understand its implications before signing. It is important to ensure that all ownership information is accurate and complete. Franchisees should consult with an attorney or business advisor to fully understand the legal and financial ramifications of the ownership structure.

To gain a comprehensive understanding, a potential franchisee should ask Beauty Bungalows for a copy of the Statement of Ownership form and clarify what specific acknowledgements or representations are made by the franchisee upon signing it. This will help avoid any misunderstandings or potential disputes in the future.