Does the All States M.E.D. FDD provide a list of former franchisees in Exhibit G-2?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT G-2 TO THE DISCLOSURE DOCUMENT LIST OF FORMER FRANCHISEES
The following is a list of the names, city and state, and current business telephone number, or if unknown, the last known home telephone number of every franchisee who had an outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during our most recently completed fiscal year or who have not communicated with us within 10 weeks of the Issuance Date of this Disclosure Document. If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
None.
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, Exhibit G-2 is indeed intended to list former franchisees. The exhibit is meant to include the names, city and state, and current business telephone number (or last known home telephone number if the business number is unknown) of franchisees who have terminated, canceled, not renewed, or otherwise ceased business under the franchise agreement during the most recent fiscal year, or who haven't communicated with All States M.E.D. within 10 weeks of the FDD's issuance date.
However, in this particular instance, Exhibit G-2 states "None." This indicates that, at the time of the FDD's publication, there were no former All States M.E.D. franchisees who met the criteria for inclusion on the list.
It's important to note that if a prospective franchisee buys an All States M.E.D. franchise, their contact information may be disclosed to other potential buyers if they later leave the franchise system. This is a standard practice in franchising, allowing potential franchisees to gather information from those who have experience with the brand.