Who approves the statements and reports required by the Deck Medic Advertising Cooperative?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
- (6) Franchisee shall submit to the Advertising Cooperative and to Franchisor such statements and reports as may be required by the Advertising Cooperative and approved by Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, franchisees must submit statements and reports to the Advertising Cooperative and to Deck Medic. However, Deck Medic has the authority to approve these statements and reports.
This means that while the Advertising Cooperative may require certain financial reporting from franchisees, Deck Medic retains ultimate oversight. Franchisees must ensure their submissions meet the standards of both the cooperative and the franchisor.
This requirement ensures that Deck Medic maintains control over the marketing and financial activities of its franchisees, even within a cooperative setting. It also allows Deck Medic to monitor the financial health and marketing effectiveness of individual franchise locations and the cooperative as a whole.