What are the requirements for the Cooperative's written governing documents for Burneys Sweets More franchisees?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
The Cooperative shall prepare written governing documents that shall be available to Franchisee and Franchisor for review.
These written governing documents are subject to Franchisor's approval.
The Cooperative is responsible for determining its own voting procedures; however, each BURNEY'S SWEETS & MORE franchised business that is a member of the Cooperative is entitled to one vote.
The Cooperative must prepare quarterly and annual financial statements and these statements must be made available to all members in the Cooperative.
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the Cooperative must prepare written governing documents. These documents must be available to both the franchisee and Burneys Sweets More for review. Furthermore, these written governing documents are subject to Burneys Sweets More's approval.
The Cooperative is responsible for determining its own voting procedures; however, each Burneys Sweets More franchised business that is a member of the Cooperative is entitled to one vote. The Cooperative must also prepare quarterly and annual financial statements, which must be made available to all members of the Cooperative.
These stipulations ensure that Burneys Sweets More franchisees have access to the rules and financial status of the Cooperative, and that Burneys Sweets More retains oversight over the Cooperative's operations. This arrangement is typical in franchising, where franchisors often maintain control over advertising and marketing efforts to ensure brand consistency and effectiveness.