Does the All Team franchise receipt ask about any promises regarding the likelihood of success?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| FDD? | |
|---|---|
| Yes | |
| No | |
| 11. | Has any employee or other person speaking on behalf of the Franchisor made any statement |
| or promise concerning the likelihood of success that you should or might expect to achieve | |
| from operating the business? | |
| Yes | |
| No |
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire includes a question about promises concerning the likelihood of success. Specifically, question 11 asks: "Has any employee or other person speaking on behalf of the Franchisor made any statement or promise concerning the likelihood of success that you should or might expect to achieve from operating the business?" The franchisee must answer "Yes" or "No" to this question. This is intended to uncover any unauthorized or misleading claims made by All Team representatives during the sales process.
This question is important because Item 19 of the FDD is the only place where financial performance representations are authorized. Any other promises or guarantees about potential success are not sanctioned by All Team. By including this question in the questionnaire, All Team aims to identify and rectify any misrepresentations made by its employees or representatives. This protects both All Team and the franchisee from potential disputes or misunderstandings down the line.
For a prospective All Team franchisee, this means it is crucial to carefully consider the responses to this questionnaire. If any verbal promises about the likelihood of success were made that differ from the information in Item 19 of the FDD, it is important to disclose this. Failure to do so could weaken the franchisee's position in case of future disagreements. This questionnaire serves as a mechanism for franchisees to ensure they are making informed decisions based on the official information provided in the FDD, rather than relying on potentially inaccurate or misleading statements.