Does Advanced Mobile Iv And Amiv guarantee a franchisee's success in the business?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
. The success of your franchise is speculative and depends, to a large extent, upon your ability as an independent businessperson. You recognize that the business venture contemplated by this Agreement involves business risks. We do not make any representation or warranty, express or implied, as to the potential success of the Franchise.
- E. Independent Investigation, No Projections or Representations. You acknowledge that you have entered this Agreement after conducting an independent investigation of us and of the Franchise. You have not relied upon any representation as to gross revenues, volume, cost savings, potential earnings or profits which you in particular might realize.
Except as outlined in Item 19 of our Franchise Disclosure Document, we expressly disclaim the making of, and you acknowledge that you have not received or relied upon, any representation, warranty, or guarantee, express or implied, concerning the potential revenues, cost savings, volume, profits, or success of the business venture contemplated by this Agreement. You acknowledge that neither we, nor any of our officers, directors, shareholders, employees, agents or servants, made any other representation about the business contemplated by this Agreement or that are not expressly set forth in this Agreement or our Franchise Disclosure Document to induce you to accept this Franchise and execute this Agreement. Any oral representations made by our representatives to you, whether or not set forth in earlier versions of our standard form franchise agreement, have either been ratified by us by including the representations in this document or have been disavowed by excluding them from this Agreement.
F. Your Location and Market Area. You acknowledge that we will not provide or designate locations for you. You have investigated the potential of the market area in which you are to establish and operate your franchise business and the laws and applicable regulations.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, Advanced Mobile Iv And Amiv does not provide any guarantees regarding the potential success of a franchisee's business venture, except as outlined in Item 19. The document explicitly states that franchisees should not rely on any representation, warranty, or guarantee, whether express or implied, concerning potential revenues, cost savings, volume, profits, or the overall success of the business.
Advanced Mobile Iv And Amiv emphasizes that neither the company nor its representatives have made any representations about the business that are not expressly detailed in the Franchise Agreement or the Franchise Disclosure Document. Any oral representations made by representatives are either included in the document or disavowed if excluded.
This disclaimer is a common practice in franchising. Prospective Advanced Mobile Iv And Amiv franchisees must acknowledge that the success of the business depends on various factors, including their own efforts, market conditions, and adherence to the Advanced Mobile Iv And Amiv system. Franchisees are expected to conduct their own due diligence and assess the suitability of the market area for their franchise. Advanced Mobile Iv And Amiv also states that an Advanced Mobile IV™ business involves hard work and sometimes long hours, similar to most small businesses that are owner operated.