factual

What financial information must a Beverly Anns Cookie franchisee provide upon request?

Beverly_Anns_Cookie Franchise · 2025 FDD

Answer from 2025 FDD Document

NOTE: FRANCHISEE MUST ATTACH A VOIDED CHECK RELATING TO THE BANK ACCOUNT.

Source: Item 22 — CONTRACTS (FDD page 57)

What This Means (2025 FDD)

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, franchisees must attach a voided check relating to the bank account. This requirement is part of the sample Asset Purchase Agreement included in the FDD.

This means that as part of the franchising process, Beverly Anns Cookie requires franchisees to provide proof of their banking information. This is likely to facilitate various financial transactions between the franchisee and franchisor, such as royalty payments or supply purchases.

Providing a voided check is a common method used by franchisors to ensure accurate bank account information for setting up electronic payments or direct debits. It helps prevent errors in routing and account numbers, which could lead to payment delays or other financial complications. Prospective Beverly Anns Cookie franchisees should be prepared to provide this documentation as part of their franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.