Does the All County Acknowledgment Addendum require franchisees to confirm they understand the risks of operating a franchised business?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| 6. | Did you receive a copy of the Disclosure Document at least fourteen (14) days prior to signing any agreement with us or paying us any money? |
|---|---|
| | |
| Yes. No. | |
| 7. | Have you discussed the benefits and risks of operating a Franchised Business with an attorney, |
| accountant or other professional advisor and do you understand those risks? | |
| | |
| Yes. No. | |
| 8. | Do you understand that the success or failure of your business will depend in large part upon your |
| skills and abilities, competition from other Businesses, interest rates, inflation, labor and supply | |
| costs, lease terms and other economic and business factors? | |
| | |
| Yes. No. | |
| 9. | Has any employee or other person speaking on our behalf made any statement or promise |
| concerning the revenues, profits or operating costs of a Franchised Business operated by us or our | |
| franchisees? | |
| | |
| Yes. No. | |
| 10. | Has any employee or other person speaking on our behalf made any statement or promise |
| concerning the Franchised Business that is contrary to, or different from, the information contained | |
| in the Disclosure Document? | |
| | |
| Yes. No. | |
| 11. | Has any employee or other person speaking on our behalf made any statement or promise regarding |
| the amount of money you may earn in operating a Franchised Business? | |
| | |
| Yes. No. | |
| 12. | Has any employee or other person speaking on our behalf made any statement or promise |
| concerning the total amount of revenue a Franchised Business will generate? | |
| | |
| Yes. No. | |
| 13. | Has any employee or other person speaking on our behalf made any statement or promise regarding |
| the costs you may incur in operating a Franchised Business that is contrary to, or different from, | |
| the information contained in the Disclosure Document? | |
| | |
| Yes. No. | |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to the 2025 All County Franchise Disclosure Document, the Acknowledgment Addendum includes a question regarding the franchisee's understanding of the risks associated with operating a franchised business. Specifically, prospective franchisees are asked if they have discussed the benefits and risks with a professional advisor and whether they understand those risks. This is a standard practice in franchising, as it ensures that franchisees are aware of the potential challenges and are making an informed decision.
This acknowledgment serves to confirm that All County franchisees have considered the potential downsides of the business, such as competition, economic factors, and their own skill levels. By signing this addendum, franchisees acknowledge that their success depends on various factors, not solely on the franchisor's brand or support. This helps to manage expectations and reduce potential disputes down the line.
Furthermore, the addendum includes questions designed to identify any unauthorized promises or representations made by All County employees or representatives. This protects both the franchisee and the franchisor by ensuring that all information relied upon is accurate and consistent with the Franchise Disclosure Document. Franchisees are asked to confirm whether any statements regarding revenues, profits, operating costs, or other aspects of the business deviate from the information provided in the FDD. This proactive approach helps to maintain transparency and prevent misunderstandings during the franchise relationship.