When will the Endless Summer Sweets Marketing Fund financial statement be prepared?

According to Endless Summer Sweets' 2024 Franchise Disclosure Document, an unaudited annual financial statement of the Marketing Fund will be prepared within 120 days of the close of the Franchisor's fiscal year. This statement will be provided to the franchisee upon request.

This means that Endless Summer Sweets franchisees can request to see how the Marketing Fund, which is funded by franchisee contributions, is being managed and spent. The statement gives franchisees some visibility into the financial operations of the fund. However, it is important to note that the financial statement is unaudited, meaning it has not been independently verified by a certified public accountant.

It is also important to note that the franchisor has sole discretion over how the marketing fund is spent. While the franchisee can request the financial statement, they do not have control over how the funds are allocated. This is a fairly typical arrangement in franchising, where the franchisor manages marketing efforts for the entire brand.