How many Affiliate-Owned Beem Light Sauna studios were excluded from the Item 19 data, and why?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
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, the Item 19 data includes financial performance information from October 1, 2024, to February 28, 2025, which is referred to as the Reporting Period. This data specifically covers studios that had been open for at least 12 months by the start of the Reporting Period and remained open throughout its entirety. These are referred to as Covered Studios. As of February 28, 2025, there was one Affiliate-Owned Studio.
The FDD states that no Affiliate-Owned Studios were excluded from the Item 19 data. The one Affiliate-Owned Studio met the criteria to be included as a Covered Studio.
It is important to note that the financial performance data is based on reports submitted by franchisees and Beem Light Sauna's affiliates, and these figures have not been audited by a certified public accountant. Prospective franchisees are encouraged to consult with their own financial and legal advisors and contact existing franchisees to assess the potential financial performance of a Beem Light Sauna franchise.