What were the franchise fees incurred by Bevaris Alliance, Inc. (BAI) and payable to the Bevaris Alliance company during 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
erate the same type of business as the Company. Any transactions between the Company and the affiliate and other related parties are also summarized.
Bevaris A
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, Bevaris Alliance, Inc. (BAI), which is owned by the member of the Bevaris Alliance company, incurred franchise fees of $99,547 payable to the Bevaris Alliance company during 2023. In the previous year, 2022, the franchise fees incurred by BAI were $72,226.
This indicates that BAI, as a franchisee of Bevaris Alliance, had a notable financial obligation to the Bevaris Alliance company. The increase in franchise fees from 2022 to 2023 suggests a potential growth in BAI's operations or changes in the fee structure. Prospective franchisees should inquire about the factors contributing to this increase and understand how their own franchise fees might evolve over time.
It's important to note that BAI also shares office space with the Bevaris Alliance company and that BAI paid legal and professional fees, as well as other costs, on behalf of the company in connection with the establishment of the company and the development of the franchise network. Understanding the full scope of the financial relationship between BAI and the Bevaris Alliance company is crucial for assessing the overall financial health and stability of the franchise system.