How can a Crawlspace Medic franchisee obtain an annual financial statement of the Brand Fund?

According to the 2024 Crawlspace Medic 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 contribute to the Brand Fund, which is used for advertising, marketing, and promotional activities, have the right to request and receive a financial statement detailing how the funds are being managed and spent.

This provision ensures transparency and accountability in the management of the Brand Fund. Franchisees can use this financial statement to understand how their contributions are being utilized and to assess the effectiveness of the advertising and marketing efforts supported by the fund. It is important to note that the financial statement is unaudited, meaning it has not been independently verified by a certified public accountant.

While the FDD specifies that a financial statement is available, it does not outline the specific contents or level of detail provided in the statement. A prospective Crawlspace Medic franchisee may want to ask the franchisor for a sample financial statement to understand exactly what information is disclosed and how comprehensive it is. Understanding the Brand Fund's financials can help franchisees make informed decisions about their investment and participation in system-wide marketing initiatives.