When must a Brueggers Bagels franchisee furnish interim unaudited income statements after the Bakery opens?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.2.3. Interim unaudited income statements thirty (30) days and sixty (60) days after the Bakery opens; and
- 13.2.4. Interim unaudited income statements and balance sheets not less often than quarterly, within forty-five (45) days after the end of the period to which the statements relate.
Source: Item 22 — CONTRACTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, franchisees are required to furnish interim unaudited income statements at specific intervals after their Bakery opens. Specifically, a franchisee must provide these statements thirty (30) days and sixty (60) days after the Bakery opens.
In addition to the initial interim statements, Brueggers Bagels also requires franchisees to submit interim unaudited income statements and balance sheets on a quarterly basis. These quarterly statements must be furnished within forty-five (45) days after the end of the period to which the statements relate.
These financial reporting requirements ensure that Brueggers Bagels can monitor the financial health and performance of its franchise locations. This allows them to provide support and guidance to franchisees as needed, and to ensure compliance with the franchise agreement. Franchisees should be prepared to maintain accurate financial records and to submit these reports in a timely manner to remain in compliance with their agreement.