Is the Corporate Cleaning Group Brand Fund audited?
Corporate_Cleaning_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
m the production or placement of advertising from the Brand Fund.
The Brand Fund is not audited. An annual unaudited financial statement of the Brand Fund is available to any franchisee upon written request.
If we spend more or less than the total of all contributions to the Brand Fund in any fiscal year, we may carry forward any surplus or deficit to the next fiscal year.
In the fiscal year ending December 31, 2024, we collected $19,942.12. We contributed an additional $313,847 to the Brand Fund. In the fiscal year 2024, we used 20% of the Brand Fund on administrative expenses, and we used 80% of the Brand Fund for other expenses. Although the Brand Fund is intended to be of perpetual duration, we may terminate it at any time and for any reason or no reason. We will not terminate the Brand Fund, however, until all monies in the Brand Fund have been spent for advertising or promotional purposes or returned to contributors,
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 25–34)
What This Means (2025 FDD)
According to the 2025 Corporate Cleaning Group Franchise Disclosure Document, the Brand Fund is not audited. However, Corporate Cleaning Group will provide an annual unaudited financial statement of the Brand Fund to any franchisee who requests it in writing.
In the fiscal year ending December 31, 2024, Corporate Cleaning Group collected $19,942.12 for the Brand Fund and contributed an additional $313,847. The FDD states that 20% of the Brand Fund was used for administrative expenses, and 80% was used for other expenses.
While the Brand Fund is intended to be perpetual, Corporate Cleaning Group reserves the right to terminate it at any time, for any reason. If the Brand Fund is terminated, all remaining monies will be spent on advertising or promotional purposes or returned to the contributors based on their respective contributions, without interest.