How can a City Wide franchisee access the annual accounting of the Marketing Fund?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
An annual accounting of the Fund will be prepared at the Fund's expense and made available to Franchisee upon request.
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, an annual accounting of the Marketing Fund will be prepared at the Fund's expense. This accounting will be made available to the franchisee upon request. This means that City Wide franchisees have the right to review how the marketing funds, to which they contribute a percentage of their gross sales, are being managed and spent.
This transparency is beneficial for franchisees as it allows them to understand how their marketing fees are being utilized to promote the City Wide brand and support the franchise system. Franchisees can assess whether the fund is being managed effectively and if the expenditures align with the goals of enhancing brand recognition and generating business.
It is important for prospective franchisees to understand the process for requesting and receiving this annual accounting. While the FDD states that the accounting will be made available upon request, it does not specify the exact procedure or timeframe for fulfilling such requests. A prospective franchisee should ask City Wide about the specific steps involved in requesting the annual accounting, the expected turnaround time for receiving the information, and the level of detail provided in the accounting report to ensure they can effectively monitor the use of their marketing contributions.