Is an accounting of the operation of the Monicals Pizza Marketing Fund prepared annually?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.3.6 An accounting of the operation of the Marketing Fund shall be prepared annually and shall be available to Franchisee upon request.
Franchisor retains the right to have the Marketing Fund audited, at the expense of the Marketing Fund, by an independent certified public accountant selected by Franchisor.
- 11.3.7 Franchisee acknowledges that the Marketing Fund is not a trust and Franchisor assumes no fiduciary duty in administering the Marketing Fund.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, an accounting of the operation of the Marketing Fund is prepared annually. This accounting will be available to franchisees upon request.
This means that Monicals Pizza franchisees have the right to request and review a detailed record of how the Marketing Fund is managed and spent each year. The Marketing Fund consists of contributions from franchisees and company-owned restaurants, which are used for marketing programs and promotions.
Additionally, Monicals Pizza retains the right to have the Marketing Fund audited by an independent certified public accountant, with the expense of the audit borne by the Marketing Fund itself. However, the document also states that the Marketing Fund is not a trust, and Monicals Pizza assumes no fiduciary duty in administering the fund.