According to Beauty Bungalows' 2025 Franchise Disclosure Document, Appendix D to the Franchise Agreement is the Statement of Ownership. The document itself does not elaborate further on the purpose or contents of this statement.

Without more details, it is reasonable to assume that the Statement of Ownership serves to identify and record the individuals or entities that hold ownership stakes in the Beauty Bungalows franchise. This is a common practice in franchising to ensure clarity regarding who is responsible for the franchise's obligations and who benefits from its operation. The Statement of Ownership may require franchisees to disclose the names, addresses, and ownership percentages of all individuals or entities with an ownership interest in the franchise.

A prospective Beauty Bungalows franchisee should carefully review the Statement of Ownership form and understand its implications before signing the Franchise Agreement. It is important to ensure that all ownership information is accurate and complete. Franchisees should also inquire about any restrictions or requirements related to changes in ownership during the term of the franchise agreement.