What is the deadline for a Bhc franchisee to request in writing a statement of receipts and expenditures of the aggregate Marketing and Promotion Fees?
Bhc Franchise · 2025 FDDAnswer from 2025 FDD Document
If requested by Franchisee in writing not later than March 31 of any calendar year, Franchisor will provide Franchisee no later than May 31 of the same calendar year with a statement of receipts and expenditures of the aggregate Marketing and Promotion Fees relating to the preceding calendar year, certified to be correct by one of Franchisor's officers.
Source: Item 23 — Receipts (FDD pages 52–230)
What This Means (2025 FDD)
According to Bhc's 2025 Franchise Disclosure Document, a franchisee must request in writing a statement of receipts and expenditures of the aggregate Marketing and Promotion Fees no later than March 31 of any calendar year. If a franchisee makes this request by the deadline, Bhc will provide the franchisee with the statement no later than May 31 of the same calendar year. The statement will cover the preceding calendar year and will be certified as correct by one of Bhc's officers.
This means that Bhc franchisees have the right to request an accounting of how the Marketing and Promotion Fees collected from all franchisees are spent. This provides a level of transparency, allowing franchisees to see how their contributions to the marketing fund are being utilized by Bhc for national, regional, and local advertising and promotional campaigns.
It is important to note that the statement provided by Bhc will cover the aggregate Marketing and Promotion Fees, not just the individual franchisee's contribution. The statement will be certified by one of Bhc's officers, indicating that Bhc attests to the accuracy of the information provided. Franchisees should mark their calendars to ensure timely submission of their written request by March 31st to receive the statement by May 31st.