Accountant fees, audited monetary statements ($four-15,000): This audit should include preliminary financial statements and disclosures, revenue recognition and completely different monetary insurance coverage policies, and a detailed consideration of the company’s capital construction. Different franchisees would possibly give the mannequin a unhealthy reputation.
Following the provisions of the settlement, the franchisor straight or indirectly contributes to those bills by giving the franchisee the opportunity to obtain a bank mortgage with favorable charges of interest. e) If requested by the franchisee, copies of franchisor’s stability sheets for the earlier three years, or since begin-up if that period is shorter.
