When will Better Blend prepare the annual financial statement of the Marketing Fund?

According to Better Blend's 2024 Franchise Disclosure Document, Better Blend will prepare an unaudited annual financial statement of the Marketing Fund within 120 days of the close of their fiscal year. Upon written request, Better Blend will provide this financial statement to franchisees.

This means that franchisees can expect to receive an annual financial statement for the Marketing Fund, which details how the fund is being managed and spent. The statement will be available within 120 days after the end of Better Blend's fiscal year, allowing franchisees to review the financial activities of the fund in a timely manner. However, the FDD specifies that the financial statement is unaudited, meaning it has not been independently verified for accuracy.

It is important for prospective franchisees to note that Better Blend will only provide the financial statement upon written request. This implies that franchisees must take the initiative to request the document to receive it. Additionally, because the statement is unaudited, franchisees should carefully review the document and consider asking Better Blend for clarification on any items of concern. This is a fairly standard practice in franchising, but the lack of an audit does place more responsibility on the franchisee to scrutinize the report.