What follows is a capsule summary of the items found in every Franchise Disclosure Document, regardless of the type of industry. With each item I will review:
Content: An abbreviated summary of the factual contents found within Items 1 – 23, as defined in the FTC’s Guideline document.
Purpose: Discussion of why this passage exists and why the information is important to you
Tips & Advice: General information on how to interpret the information, or what the information means to you in practical terms and/or why it is significant.
Please keep in mind this information is directional in nature. Each franchisor will be unique; therefore you will have to use your own judgment as you interpret the specific information found in a given franchisor’s disclosure document.