How can a Crawl Space Ninja franchisee obtain an annual financial statement of the Brand Fund?

According to the 2024 Crawl Space Ninja Franchise Disclosure Document, an annual unaudited financial statement of the Brand Fund is available to any franchisee upon written request. This means that franchisees who want to review the financial activities of the Brand Fund can do so by formally requesting the statement in writing from Crawl Space Ninja.

The Brand Fund is supported by franchisee contributions, set at one percent (1%) of weekly Gross Revenue, but Crawl Space Ninja can increase this to two percent (2%) of Gross Revenue with notice. These funds are used for various marketing and administrative purposes to benefit the Crawl Space Ninja system as a whole. The availability of the financial statement provides a degree of transparency, allowing franchisees to see how the Brand Fund contributions are being utilized.

It's important to note that the financial statement is unaudited, meaning it has not been independently verified by a certified public accountant. While it offers insight into the fund's activities, franchisees should be aware of its limitations. Additionally, Crawl Space Ninja retains the right to manage and allocate the Brand Fund as they see fit, and there is no guarantee that a franchisee will directly benefit from the advertising or marketing efforts in their specific territory. Franchisees should consider these factors when evaluating the value and impact of the Brand Fund on their individual business.