What must a Body20 franchisee do to receive a copy of the unaudited statement of contributions and expenditures for the Brand Fund?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
We will prepare an unaudited statement of contributions and expenditures for the Brand Fund and make it available within 60 days after the close of our fiscal year to franchisees who make a written request for a copy.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 38–49)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, a franchisee must submit a written request to receive a copy of the unaudited statement of contributions and expenditures for the Brand Fund. This statement will be made available within 60 days after the close of Body20's fiscal year.
This means that as a Body20 franchisee, you have the right to request and review how the Brand Fund, which is funded by a percentage of your gross sales, is being managed and spent. The Brand Fund is used for advertising, marketing, and promotional activities to benefit the Body20 brand and studios generally.
While Body20 is not required to have an independent audit of the Brand Fund, they will provide an unaudited statement. It is important for franchisees to stay informed about the Brand Fund's financial activities to ensure transparency and accountability in how their contributions are being utilized. Franchisees should mark their calendars to submit their written request promptly after the close of the fiscal year to receive the statement within the specified timeframe.