Are there any disclaimers regarding the All Dogs Unleashed financial statements?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.
HISTORICAL FINANCIAL PERFORMANCE REPRESENTATION
During our calendar year ended December 31, 2024, there were: (i) four affiliate-owned ALL DOGS UNLEASHED Facilities in operation, one of which was acquired by our affiliate from a former franchisee in the 2024 calendar year, and all of which are operated from commercial Facilities; and (ii) 14 licensee or franchisee-owned ALL DOGS UNLEASHED Facilities, four of which are operated from commercial Facilities and ten of which are home-based operations. During the 2024 calendar year, one franchised Facility closed and as disclosed above, one franchised Facility was acquired by our affiliate.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to the 2025 All Dogs Unleashed Franchise Disclosure Document, the FTC permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the disclosure document. The FDD states that financial performance information that differs from what is included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.
All Dogs Unleashed provides historical financial performance representation. During the calendar year ended December 31, 2024, there were four affiliate-owned All Dogs Unleashed Facilities in operation, one of which was acquired by their affiliate from a former franchisee in the 2024 calendar year, and all of which are operated from commercial Facilities; and 14 licensee or franchisee-owned All Dogs Unleashed Facilities, four of which are operated from commercial Facilities and ten of which are home-based operations. During the 2024 calendar year, one franchised Facility closed and as disclosed above, one franchised Facility was acquired by their affiliate.
This information is crucial for prospective franchisees as it sets the stage for understanding the financial performance data presented in Item 19. It clarifies the conditions under which All Dogs Unleashed can provide financial information and highlights the importance of relying on the documented data within the FDD. Franchisees should pay close attention to these guidelines and seek clarification from the franchisor regarding any supplemental financial information provided outside of Item 19 to ensure its validity and applicability to their specific circumstances.