If the Beauty Bungalows franchisee is an individual, what information is required on the Statement of Ownership?

According to Beauty Bungalows' 2025 Franchise Disclosure Document, franchisees are required to complete a Statement of Ownership. Appendix D of the franchise agreement is the Statement of Ownership form. However, the excerpt does not specify what information is required on the Statement of Ownership if the franchisee is an individual.

It is common practice for franchise agreements to require a Statement of Ownership to identify all parties with an ownership stake in the franchise. This allows Beauty Bungalows to understand who they are partnering with and ensures transparency in the franchise network. The Statement of Ownership typically includes legal names, addresses, and percentage of ownership.

A prospective Beauty Bungalows franchisee should ask the franchisor for a copy of Appendix D, the Statement of Ownership form, to review the specific information required. Understanding these requirements is essential before signing the franchise agreement.