In Maryland, how can a Bft franchisee obtain a statement of the expenses incurred by the Brand Development Fund during its most recently completed fiscal year?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
- The following is added to the end of the 4th paragraph under the "Brand Development Fund" section of Item 11:
You may obtain a statement of the expenses incurred by the Fund during its most recently completed fiscal year by making a written request to us.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, a franchisee in Maryland can obtain a statement of expenses incurred by the Brand Development Fund during its most recently completed fiscal year by submitting a written request to Bft. This disclosure is specific to Maryland franchisees and is an addition to the standard terms outlined in Item 11 regarding the Brand Development Fund.
This requirement ensures that Bft franchisees in Maryland have access to information about how the Brand Development Fund is being utilized. The Brand Development Fund typically consists of contributions from franchisees and is used for marketing and promotional activities to benefit the entire franchise system. Knowing the expenses can help franchisees assess the effectiveness and transparency of the fund's management.
It is important for prospective Bft franchisees in Maryland to understand their right to request this information and to exercise it regularly to stay informed about the financial aspects of the franchise. By making a written request, franchisees can hold Bft accountable for the proper use of the Brand Development Fund and ensure that it aligns with the overall goals of the franchise system.