ITEM 1 – Corporate Information/Special Industry Laws
ITEM 2 – Officers, Directors, Managerial Personnel
3. Please review the individuals listed in Item 2 of your FDD and confirm that all Franchisor’s officers, directors, partners, and each person who will have management responsibility relating to the sale or operation of the franchise system are included. Please review each person’s title, position and provide an updated Management Questionnaire for each person even if that person is currently included in the FDD.
ITEM 3 – Litigation/Arbitration
ITEM 4 – Bankruptcy
ITEM 5 – Initial Fees
6. Please review your Initial Franchise Fee and Development Fees and advise whether you plan to make any changes.
ITEM 6 – Other Fees
8. Please review in detail your current Item 6 fees and make sure all fees a franchisee would pay to Franchisor or any affiliate are included and up-to-date. Provide all changes that need to be made. You may need to contact required vendors for up-to-date pricing as well.
ITEM 7 – Initial Investment
9. Please review your current Item 7 chart(s) in detail. Do any changes need to be made to any of the initial investment ranges based on your experience and the experience of your franchisees and multi-unit developers in opening outlets during 2023? Have all cost a franchisee can expect been considered and included? Have you updated the initial investment ranges due to inflation, current cost of materials, inventory and labor cost or shortages? We suggest that you request your new franchisees and multi-unit developers give you a list of the expenses they actually incurred to open their franchised businesses during 2023.
ITEM 8 – Sources of Products and Supplies
11. What amount of revenue did Franchisor collect from required purchases sold by Franchisor to franchisees in 2023?
13. What amount of revenue did any affiliate of Franchisor collect from required purchases sold by the affiliate to franchisees in 2023?
14. What amount of revenue (including any rebates, cash back, profits, discounts, or other consideration) did Franchisor or an affiliate collect from third party vendors based on required purchases franchisees made from the third-party vendor? Please describe each vendor separately.
ITEM 10 – Financing
ITEM 11 – Manual Table of Contents/Training Chart
22. Of the amount spent from the Brand/Marketing Fund in 2023,
ITEMS 13 and 14 – Trademarks, Patents and Copyrights
ITEM 18 – Public Figures
ITEM 19 – FINANCIAL PERFORMANCE REPRESENTATIONS
ITEM 20 – Units and Franchisee Information
27. Please provide a detailed list of all franchisees who have signed franchise agreements since January 1, 2023 including the: a. Name of the franchisee who owned the franchise as of December 31, 2023 (the individual or entity that signed the franchise agreement or who was assigned the franchise agreement);b. Date the franchise agreement was signed; c. Date franchisee opened (if they have not opened yet please state as such);d. Franchisee location address and territory (or city/state unit will be located if unknown);e. Franchisee’s email address and telephone number;f. Amount total each franchisee paid in franchise fees (if a developer and paid for a development agreement, please provide); and g. Whether the franchisee is part of a multi-unit development agreement.
Please provide the following:
a. Name of the entity that owns the location; b. State of incorporation; c. Principal place of business address; d. Date the location was opened; and e. Address of the location (if different than the above).
Please provide the following:a. The location that was transferred; b. The name of the previous franchisee (individual/entity); and c. The name of the current franchisee (individual/entity).
Please provide the following for each franchisee: a. Name of the franchisee who was terminated, not renewed or ceased operations; b. Location of the franchisee who was terminated, not renewed or ceased operations; c. Why the franchisee was terminated, not renewed or ceased operations; d. Date the franchisee was terminate, not renewed or ceased operations; and e. The former franchisee’s personal contact information including a telephone number and personal email address.
please provide: a. Name of the franchisee who was reacquired; b. Location of the unit that was reacquired by Franchisor; and c. Date the location was reacquired by Franchisor or an affiliate.
please provide the following: a. The address of the location that was sold to the franchisee; b. The name of the franchisee that acquired the location; and c. The date the location was sold to the franchisee.
ITEM 21 – financial statements
ITEM 22 – Agreements
State registrations, filings and notices
Advertising