Does the All States M.E.D. FDD specify the format for the list of former franchisees?

According to All States M.E.D.'s 2024 Franchise Disclosure Document, Exhibit G-2 provides specific details regarding the list of former franchisees. The FDD specifies that the list includes the names of former franchisees, their city and state, and their current business telephone number, or if unknown, the last known home telephone number. This information pertains to franchisees who had their outlet terminated, canceled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under the franchise agreement during All States M.E.D.'s most recently completed fiscal year. It also includes franchisees who have not communicated with All States M.E.D. within 10 weeks of the issuance date of the Disclosure Document.

This level of detail is important for prospective franchisees as it allows them to potentially contact former franchisees to gain insights into their experiences with the All States M.E.D. franchise system. It is a standard practice in franchising to provide this information, enabling potential franchisees to conduct their due diligence. The FDD also notes that if a franchisee buys the franchise, their contact information may be disclosed to other buyers when they leave the franchise system.

It is important to note that the FDD specifies the criteria for inclusion on the list, such as termination, cancellation, non-renewal, or ceasing to do business, as well as lack of communication within a specified timeframe. This ensures that the list is comprehensive and includes relevant information for prospective franchisees to make informed decisions. The FDD provides a clear format for the information presented, including names, locations, and contact details, which aids in the due diligence process.