What information must be included in the Statement of Ownership for a Beauty Bungalows franchise?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the franchise agreement includes several attachments, one of which is "Appendix D – Statement of Ownership." However, the document does not specify what information must be included in this statement.
As the FDD does not elaborate on the specific contents required in the Statement of Ownership, it is important for prospective Beauty Bungalows franchisees to seek clarification from the franchisor during their due diligence. Understanding what information is required in this statement is crucial for assessing the administrative and legal obligations associated with franchise ownership.
To gain a comprehensive understanding, potential franchisees should ask Beauty Bungalows Franchising, LLC for a sample Statement of Ownership form. This will provide insight into the specific details required, such as the names and addresses of all owners, their percentage of ownership, and any other relevant information the franchisor requires. This proactive approach will help franchisees ensure they are fully prepared to meet all contractual obligations.