How long after the end of Chatime's fiscal year will the advertising fund's financial statements be available for franchisee review?

According to Chatime's 2025 Franchise Disclosure Document, franchisees can request to review the financial statements of the Brand Marketing Fund. These financial statements, which are unaudited, will be made available within six months after the end of Chatime's fiscal year.

This means that if Chatime's fiscal year ends on December 31st, the financial statements would be available for review by June 30th of the following year, assuming a written request is submitted by the franchisee. It's important to note that the financial statements are not automatically provided; a franchisee must specifically request them in writing.

This arrangement is fairly standard in franchising, allowing franchisees to monitor the advertising fund while also giving the franchisor reasonable time to compile the necessary financial information. However, the lack of an audit may be a concern for some franchisees, as it provides less assurance of accuracy compared to audited statements. Franchisees should consider this when evaluating the transparency and accountability of Chatime's advertising fund management.