What was the amount in the system marketing reserve fund for Bevaris Alliance in 2022?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
.99% per annum. The balance due at December 31, 2023 and 2022 is $5,997 and $2,924, respectively.
6. LINE OF CREDIT:
The Company maintains a line of credit in the amount of $40,000 with a finance company. Interest on the line of credit is 59.9% per annum. Line of credit activity during
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the system marketing reserve fund balance at the end of 2022 was $72,220. This fund is supported by a 2% system marketing fee charged to franchisees. These funds are earmarked for the development and expansion of the Bevaris Alliance franchise system, including advertising and marketing programs.
For a prospective franchisee, this means that 2% of their gross sales will be contributed to this fund, which is managed by Bevaris Alliance. The balance of the fund at the end of the year indicates the total amount available for marketing and advertising initiatives.
It is important for potential franchisees to understand how these funds are used, what marketing strategies are in place, and what benefits they can expect from these contributions. Reviewing past marketing initiatives and the overall marketing plan would provide further insight into the value and effectiveness of this marketing reserve fund.