Why were some franchised Beem Light Sauna studios excluded from the financial performance data?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
This Item 19 presents information about the financial performance during the five-month period starting on October 1, 2024 and ending on February 28, 2025 (the "Reporting Period") of Studios that (a) had been open at least 12 months as of the start of the Reporting Period and (b) were
open throughout the entire Reporting Period ("Covered Studios"). The Reporting Period consists of only five months of data, because the data we received from Predecessor for prior periods was incomplete.
As of February 28, 2025, there were 44 Studios in operation, including 43 franchised Studios and one Studio operated by Predecessor's affiliates (which we have categorized as "Affiliate-Owned Studios"). In this Item 19, we have included data from all four Covered Studios, including two of the 43 franchised Studios and the only Affiliate-Owned Studio. 13 franchised Studios were excluded because they opened during the Reporting Period and were not open for all of the Reporting Period, and 27 franchised Studios were excluded because they had not been open 12 months as of the start of the Reporting Period. No Affiliate-Owned Studios were excluded. No Studios permanently closed during the Reporting Period.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 62–66)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, certain franchised studios were excluded from the financial performance data for specific reasons related to their operational history during the reporting period. The financial performance data presented covers the five-month period from October 1, 2024, to February 28, 2025. This period is referred to as the "Reporting Period."
To be included in the financial performance data as a "Covered Studio," a Beem Light Sauna studio had to be open for at least 12 months as of the start of the Reporting Period (October 1, 2024) and must have been open throughout the entire Reporting Period. Based on these criteria, out of the 43 franchised studios in operation as of February 28, 2025, only two met the requirements to be considered a Covered Studio and included in the financial performance data.
The remaining 41 franchised Beem Light Sauna studios were excluded for the following reasons: 13 studios were excluded because they opened during the Reporting Period and were not open for the entire five-month duration. An additional 27 studios were excluded because they had not been open for at least 12 months by the beginning of the Reporting Period. This means that the financial performance data provided is based on a limited subset of the total number of Beem Light Sauna franchises, specifically those with a longer operating history.