In what form must the Financial Statements be submitted to Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: July 2, 2025
I received a disclosure document issued July 2, 2025 which included the following exhibits:
Exhibit A State Administrators/Agents for Service of Process Exhibit B Financial Statements Exhibit C Franchise Agreement Exhibit D Franchise Disclosure Questionnaire Exhibit E Brand Manual Table of Contents Exhibit F List of Current and Former Franchisees Exhibit G State Addenda and Agreement Riders Exhibit H Contracts for use with the Beverly Ann's Cookie Franchise Exhibit I State Effective Dates Exhibit J Receipt
Source: Item 23 — RECEIPTS (FDD pages 57–235)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Beverly Anns Cookie includes Exhibit B as Financial Statements. However, the document does not specify the format in which a franchisee must submit financial statements to Beverly Ann's Cookie. The FDD does mention that at the franchisor's request, the franchisee will furnish copies of all documents and contracts governing the rights and obligations of your Owners (such as, Articles of Incorporation or Organization and partnership, operating or shareholder agreements or similar documents, the "Company Documents"). You will not alter, change, or amend your Company Documents, without obtaining our prior written approval, which approval we will not unreasonably deny or withhold, and will grant if such changes will not prevent you from performing your obligations under this Franchise Agreement."
It is common practice for franchisors to require periodic financial reporting from franchisees to monitor their performance and ensure compliance with the franchise agreement. This allows the franchisor to assess the financial health of individual franchise locations and the overall network.
To gain clarity on the specific requirements for submitting financial statements, a prospective Beverly Ann's Cookie franchisee should directly ask the franchisor about the required format (e.g., paper, electronic, specific software), frequency of submission, and any specific accounting standards or reporting templates that must be used. This information is crucial for budgeting and planning purposes.