How will interest earned on Canine Dimensions Internet Advertising Fund contributions be used?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisor will use all interest earned on Internet Advertising Fund contributions to pay costs before using the Internet Advertising Fund's other assets. Franchisor will prepare an annual, unaudited statement of Internet Advertising Fund collections and expenses and give Franchisee the statement upon written request.
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, all interest earned on the Internet Advertising Fund contributions will be used to pay costs before using the fund's other assets.
This means that any interest accrued from the advertising fees paid by franchisees will be the first source of funds used to cover expenses related to the Internet Advertising Fund. These expenses can include preparing advertisements, compensating administrators, conducting market research, and other marketing activities.
For a prospective Canine Dimensions franchisee, this is a potential benefit, as it ensures that the principal contributions to the Internet Advertising Fund are preserved as much as possible. It also provides transparency in how the advertising funds are managed, as the franchisor is obligated to provide an annual, unaudited statement of the fund's collections and expenses upon written request.