Who approves the independent certified public accountant for the audit of a Brueggers Bagels licensee's financial statements?

According to Brueggers Bagels's 2025 Franchise Disclosure Document, the franchisor, Brueggers Bagels, has the right to require that a licensee's annual financial statements be audited. This audit is to be conducted at the licensee's expense by an independent certified public accountant. The accountant selected for this audit must be approved by Brueggers Bagels. However, if the licensee's facility already requires audited financial statements from a different certified public accountant than the one Brueggers Bagels requests, Brueggers Bagels will not unreasonably withhold consent to the use of that accountant.

This means that as a Brueggers Bagels franchisee, you may be required to have your financial statements audited annually, and you will bear the cost of this audit. Brueggers Bagels maintains control over who performs the audit, ensuring the accountant meets their standards.

However, there is some flexibility. If your business operations already necessitate using a specific auditor, Brueggers Bagels indicates they will be reasonable in considering that existing relationship. It is important for prospective franchisees to discuss the potential costs and requirements of these audits with Brueggers Bagels during their due diligence to fully understand the financial implications.