How often will Body20 prepare an unaudited statement of contributions and expenditures for the Brand Fund?

According to Body20's 2025 Franchise Disclosure Document, Body20 will prepare an unaudited statement of contributions and expenditures for the Brand Fund annually. Specifically, Body20 will make this statement available to franchisees within 60 days after the close of their fiscal year, provided the franchisee submits a written request for a copy.

This means that as a Body20 franchisee, you can request to see 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 that benefit the Body20 brand and its studios. While Body20 is not required to have an independent audit of the Brand Fund, they will provide an unaudited statement, offering some level of transparency.

It's important to note that the statement is unaudited, meaning it has not been verified by an independent accounting firm. Therefore, franchisees should carefully review the statement and ask Body20 for clarification on any items that are unclear or raise concerns. This level of transparency, while not a full audit, is fairly standard in the franchise industry, allowing franchisees to stay informed about the use of marketing funds.