Is Bevaris Alliance, Inc. (BAI) a franchisee of the Bevaris Alliance franchise system?
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 the 2024 FDD, Bevaris Alliance, Inc. (BAI) is indeed a franchisee of the Bevaris Alliance franchise system. The FDD states that BAI is owned by the member of the Company, which is Bevaris Alliance Franchise System, LLC.
BAI has also 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. Additionally, BAI shares office space with the Company.
The franchise fees incurred by BAI and payable to the Company during 2023 and 2022 were $99,547 and $72,226, respectively. This confirms that BAI operates as a franchisee within the Bevaris Alliance system, incurring and paying franchise fees to the Company.