What is the maximum frequency that Deck Medic will provide an accounting of the National Advertising Fund?

According to Deck Medic's 2024 Franchise Disclosure Document, franchisees will receive an accounting of the National Advertising Fund no more than once per year. Specifically, Deck Medic will make available an unaudited accounting of how the monies contributed to the National Advertising Fund were spent each year, but this will not occur more frequently than one time in any 12-month period.

This means that while Deck Medic collects a monthly contribution of up to 2% of gross sales for the National Advertising Fund, franchisees only receive a single annual report detailing how those funds were spent. The report itself is unaudited, meaning its accuracy has not been verified by an independent accounting firm.

Prospective franchisees should consider the implications of this limited reporting. While Deck Medic is required to maintain financial records of the fund's expenditures, the lack of frequent and audited reports may reduce transparency. Franchisees might want to inquire about the level of detail provided in the annual accounting and whether more frequent updates or audited statements could be made available.