How often will Body20 provide franchisees with a 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, Body20 will prepare an unaudited statement of contributions and expenditures for the Brand Fund. This statement will be made available to franchisees within 60 days after the close of Body20's fiscal year, but only to those franchisees who make a written request for a copy.
This means that Body20 franchisees will not automatically receive this financial statement; they must actively request it each year if they wish to review it. The statement is unaudited, so there is no independent verification of the figures.
It is important for prospective franchisees to understand that the Brand Fund is a significant part of their financial obligation, with franchisees contributing up to 4% of gross sales (currently 2%). Therefore, actively requesting and reviewing the Brand Fund statement is a crucial step in monitoring how these funds are being managed and spent by Body20.