Where can I find the audited financial statements for Big Apple Bagels?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
The Fund is not audited, but reports are available for review by the franchisee upon written request. In the year ending November 30, 2024, the BAB Systems Marketing Fund was expended in the following manner: 1.4% on creative, 47.5% on media, 21.6% on production, and 29.5% on administrative.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 86)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the marketing fund is not audited; however, reports are available for review by the franchisee upon written request. This means that while the franchisor does not provide audited financial statements for the marketing fund, a Big Apple Bagels franchisee can request reports to review how the marketing funds are being spent.
In the year ending November 30, 2024, the BAB Systems Marketing Fund allocated 1.4% to creative, 47.5% to media, 21.6% to production, and 29.5% to administrative expenses. This breakdown gives a potential franchisee insight into how the marketing funds are distributed across different activities.
It is important to note that the FDD does not explicitly state where to find the audited financial statements for the Big Apple Bagels franchise itself. Therefore, a prospective franchisee should directly ask the franchisor about the availability of audited financial statements for the overall Big Apple Bagels franchise system during their due diligence process.