Who owns Bevaris Alliance, Inc. (BAI) according to the Bevaris Alliance FDD?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
l charges for use of the facility and other business support services not covered under the lease. An affiliate, Bevaris Alliance, Inc., has agreed to split fifty percent of the above monthly rent with the Company.
10. RELATED PARTIES:
The following summarizes entities which are affiliated by common control and operate 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 Bevaris Alliance Franchise Disclosure Document, Bevaris Alliance, Inc. (BAI) is owned by the member of Bevaris Alliance Franchise System, LLC. This indicates a close relationship between the franchise system and BAI, as they share common ownership.
BAI plays a role in supporting the franchise system. Specifically, BAI has paid legal and professional fees, as well as other costs, to help establish Bevaris Alliance Franchise System, LLC and develop its franchise network. This financial support highlights BAI's investment in the success of the Bevaris Alliance franchise.
Additionally, Bevaris Alliance Franchise System, LLC shares office space with BAI. BAI is also a franchisee of Bevaris Alliance Franchise System, LLC, incurring franchise fees payable to the company. In 2023, these fees amounted to $99,547, while in 2022, they were $72,226. This arrangement demonstrates BAI's active participation within the Bevaris Alliance franchise network as both a related party and a franchisee.