Will Monicals Pizza provide franchisees with an accounting of the System-wide marketing fund?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) We will have an accounting of the marketing fund prepared each year and once completed, we will provide you with a copy if you request it.
We may require that the annual accounting be audited by an independent certified public accountant at the expense of the marketing fund.
- (f) The marketing fund is not a trust and we assume no fiduciary duty in administering the marketing fund.
We have not collected any marketing fund contributions. As a result, we have not spent any money from the System-wide marketing fund. Except for our reasonable administrative costs, overhead related to the administration of the marketing fund and salaries of any marketing personnel that may be
employed by us, we do not and will not receive compensation for providing goods or services to the fund. No marketing funds are used for solicitation of new franchisees.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 20–27)
What This Means (2025 FDD)
According to the 2025 Monicals Pizza Franchise Disclosure Document, Monicals Pizza will provide franchisees with an accounting of the marketing fund if requested. Monicals Pizza will have an accounting of the marketing fund prepared each year, and will provide a copy to franchisees who request it.
Monicals Pizza may require that the annual accounting be audited by an independent certified public accountant, but the expense of this audit would be paid by the marketing fund itself, not directly by franchisees. The marketing fund is not considered a trust, and Monicals Pizza assumes no fiduciary duty in administering it.
As of the FDD date, Monicals Pizza has not collected any marketing fund contributions, and therefore has not spent any money from a System-wide marketing fund. Monicals Pizza states that it does not and will not receive compensation for providing goods or services to the fund, except for reasonable administrative costs, overhead, and salaries of any marketing personnel employed by them. No marketing funds are used for the solicitation of new franchisees.