When will an unaudited annual financial statement of the Brand Fund be prepared by Beauty Bungalows?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
An unaudited annual financial statement of the Fund will be prepared within 120 days of the close of our fiscal year and will be available to any Franchisee upon written request.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 23–30)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, an unaudited annual financial statement of the Brand Fund will be prepared within 120 days of the close of Beauty Bungalows' fiscal year. This statement will then be available to any Beauty Bungalows franchisee who requests it in writing.
This means that franchisees can request to review the financial activities of the Brand Fund, which is funded by franchisee contributions. The Brand Fund is used for marketing, advertising, and promotions to enhance the Beauty Bungalows brand. Franchisees can gain insight into how the fund is being managed and how their contributions are being utilized.
It is important to note that the financial statement is unaudited, meaning it has not been reviewed by an independent accounting firm. While this provides a general overview, it may not offer the same level of assurance as an audited statement. Franchisees should make a written request to receive this statement to stay informed about the Brand Fund's financial status.