On what page can I find information about the Brand Fund for Beem Light Sauna?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
7.2 Brand Fund.
(a) Fund Management. We may, but are not obligated to, establish the Brand Fund, a segregated or independent fund into which all Brand Fund Fees will be paid. In no event will we be deemed a fiduciary with respect to any Brand Fund Fees we receive or administer. We are not required to have an independent audit of the Brand Fund completed. We will prepare an unaudited statement of contributions and expenditures for the Brand Fund and make it available within 60 days after the close of our fiscal year to franchisees that make a written
request for a copy. If any monies in the Brand Fund remain at the end of a fiscal year, they will carry-over in the Brand Fund into the next fiscal year. We or one of our Affiliates may make or otherwise arrange loans to the Brand Fund in any year in which the balance of the Brand Fund is negative and charge a reasonable rate of interest. The amounts loaned to the Brand Fund will be repaid from future contributions to the Brand Fund in the year the loan is made or in subsequent years.
- (b) Use of Brand Fund.
We may use monies in the Brand Fund and any earnings on the Brand Fund account for any costs associated with advertising (media and production), branding, marketing, public relations and/or promotional programs and materials, and any other activities we determine, in our sole discretion, would benefit the Brand or the Studios generally, including (i) advertising campaigns in various media; (ii) creation, maintenance, and optimization of the System Website or other websites; (iii) keyword or adword purchasing programs; (iv) conducting and managing social media activities; (v) direct mail advertising; (vi) market research, including secret shoppers and customer satisfaction surveys; (vii) branding studies; (viii) engaging advertising and/or public relations agencies and paying any related retainers and fees; (ix) employing marketing and brand-building personnel and paying the salaries and benefits of such personnel and our marketing department overhead; (x) purchasing and designing promotional items; (xi) conducting and administering promotions, contests, giveaways, public relations events, and community involvement activities; (xii) marketing the sale of franchises; and (xiii) providing promotional and other marketing materials and services to our franchisees.
Source: Item 23 — RECEIPT (FDD pages 71–230)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna FDD, information regarding the Brand Fund can be found on page 97. Section 7.2 outlines details about the Brand Fund, including its management and potential uses. Beem Light Sauna may establish a Brand Fund where all Brand Fund Fees are paid, but they are not obligated to do so.
Beem Light Sauna states they will not be considered a fiduciary with respect to the Brand Fund Fees they receive or administer. While an independent audit of the Brand Fund is not required, Beem Light Sauna will prepare an unaudited statement of contributions and expenditures. This statement will be available to franchisees who request a copy in writing within 60 days after the close of the fiscal year.
Any remaining funds at the end of the fiscal year will be carried over into the next fiscal year. Beem Light Sauna or its affiliates can provide loans to the Brand Fund if the balance is negative, charging a reasonable interest rate. These loans will be repaid from future contributions to the Brand Fund.
The Brand Fund can be used for various costs associated with advertising, branding, marketing, public relations, and promotional programs. These activities are determined at Beem Light Sauna's discretion and should benefit the Brand or the Studios generally. Examples include advertising campaigns, website maintenance, social media activities, market research, and employing marketing personnel.