What is the deadline for a Bhc Master Franchisee to request a written statement of receipts and expenditures of the aggregate Marketing and Promotion Fees from the Franchisor?
Bhc Franchise · 2025 FDDAnswer from 2025 FDD Document
If requested by Master Franchisee in writing not later than March 31 of any calendar year, Franchisor will provide Master 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 Master Franchisee has until March 31 of any calendar year to request a written statement of receipts and expenditures of the aggregate Marketing and Promotion Fees from Bhc. If a Master Franchisee makes this request by the deadline, Bhc will provide 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 a Bhc Master Franchisee needs to be proactive in requesting this information if they want to review how the Marketing and Promotion Fees are being used. The statement provides transparency regarding the use of these fees, which are collected from all Master Franchisees and used for marketing, advertising, and promotional campaigns. The 15% administration fee that Bhc deducts from the aggregate Marketing and Promotion Fees is also accounted for in the statement.
It is important for prospective Bhc Master Franchisees to note these deadlines and understand their right to request this financial information. This allows them to stay informed about how their contributions to the Marketing and Promotion Fund are being managed and utilized by Bhc. If the Master Franchisee misses the March 31 deadline, they will not be able to obtain the statement for the preceding calendar year.