What is the fiscal year end for the Mr. Sandless Advertising Fund?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Any monies remaining in the Advertising Fund at the end of any fiscal year shall carry forward to the next fiscal year.
- 13.5.4 We will prepare on an annual basis, and will have available for you within sixty (60) days of the end of the fiscal year, a statement of contributions and expenditures for the Advertising Fund.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless Franchise Disclosure Document, any monies remaining in the Advertising Fund at the end of any fiscal year will carry forward to the next fiscal year. Within sixty (60) days of the end of the fiscal year, Mr. Sandless will prepare and make available a statement of contributions and expenditures for the Advertising Fund.
This means that Mr. Sandless franchisees can request a report detailing how the advertising funds were used within 60 days of the fiscal year end. The FDD does not specify the exact date of the fiscal year end.
Prospective franchisees should inquire with Mr. Sandless about the specific fiscal year-end date to better understand the timing of financial reporting related to the Advertising Fund.