What is the Bumper Man franchisee required to do to verify the accuracy of the financial reports they submit?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
(c) Financial Reports. Franchisor reserves the right to require Franchisee to provide quarterly and annual unaudited profit and loss and source and use of funds statements and a balance sheet as of the end of such fiscal year. Franchisor also reserves the right to require Franchisee to deliver any other financial data, tax statements or other financial reports that Franchisor may reasonably periodically request, in the form, manner, and frequency requested. Each report will be signed or otherwise verified by Franchisee that such data, statement and reports are true, accurate and complete.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, franchisees are required to verify the accuracy of their financial reports. Specifically, Bumper Man reserves the right to request quarterly and annual unaudited profit and loss statements, source and use of funds statements, and a balance sheet at the end of each fiscal year.
Bumper Man also has the right to request any other financial data, tax statements, or financial reports periodically. The reports must be in the format, manner, and frequency that Bumper Man requests.
To ensure accuracy, each report must be signed or otherwise verified by the franchisee, confirming that the data, statements, and reports are true, accurate, and complete. This verification process places the onus on the franchisee to ensure the financial information provided to Bumper Man is correct and comprehensive.