What financial statements must the seller provide to Burneys Sweets More before the franchise transfer?

According to Burneys Sweets More's 2025 Franchise Disclosure Document, a seller must provide the franchisor with all required monthly financial statements for the franchised location through the date of closing as a condition for the transfer of a franchise.

This requirement ensures that Burneys Sweets More has a clear and up-to-date understanding of the financial performance of the franchise location being transferred. By reviewing these statements, Burneys Sweets More can assess the financial health of the business, identify any potential issues, and make informed decisions regarding the transfer.

For a prospective franchisee, this means that if they are considering selling their Burneys Sweets More franchise, they will need to ensure that all monthly financial statements are accurately prepared and submitted to the franchisor in a timely manner. Failure to do so could delay or even prevent the transfer of the franchise. It is also important for potential buyers to understand that the seller's compliance with this requirement is a condition of the transfer, which protects the buyer as well.