What is the deadline for a Bft Franchisee to request an annual accounting of the Fund?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor will not be required to audit the Fund, but will provide an annual accounting of the Fund at the written request of Franchisee that is made 120 days after the fiscal year at issue.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, a franchisee can request an annual accounting of the fund, but this request must be made in writing 120 days after the fiscal year in question. This means that Bft franchisees have a limited window to formally request this accounting.
This stipulation ensures that Bft provides franchisees with transparency regarding the fund's financial activities. By setting a deadline, Bft likely aims to manage the administrative workload associated with these requests and ensure timely processing.
For a prospective Bft franchisee, it is crucial to understand the fiscal year-end date to mark the calendar and submit the request within the 120-day window. Missing this deadline could mean losing the opportunity to review the fund's accounting for that year. Franchisees should also note that Bft is not required to audit the fund, so the accounting provided will not be a fully audited financial statement.