Does the All Team franchise receipt require confirmation that you understand the benefits of operating an All Team franchise?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Have you received and personally reviewed the Franchise Agreement and each exhibit and schedule attached to it? Yes No |
|---|---|
| 2. 3. | Have you received and personally reviewed the Franchisor's Franchise Disclosure Document (the "FDD") that Franchisor provided to you? Yes No |
| 4. | Did you sign a receipt for the FDD indicating the date you received it? |
| Yes | |
| No | |
| 5. | Date on which you received the FDD and related Exhibits explaining the All Team |
| Franchise. | |
| , 20 | |
| (month, day) | |
| 6. | Date on which you received a completed copy, other than signatures, of the Franchise |
| Agreement. | |
| , 20 | |
| (month, day) | |
| 7. | Date on which you signed the Franchise Agreement. |
| , 20 | |
| (month, day) | |
| 8. | Were you given the opportunity to discuss the benefits and risks of operating an All Team |
| franchise with an attorney, accountant, or other professional advisor, and do you | |
| understand those risks? | |
| Yes | |
| No | |
| 9. | Do you understand that the success or failure of your franchise 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 |
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 does address the understanding of benefits and risks associated with operating an All Team franchise. Specifically, the questionnaire asks: "Were you given the opportunity to discuss the benefits and risks of operating an All Team franchise with an attorney, accountant, or other professional advisor, and do you understand those risks?" Franchisees must answer 'Yes' or 'No' to this question, indicating whether they had the opportunity to discuss these aspects and whether they understand the risks.
Additionally, the questionnaire includes a question about understanding the factors influencing the success or failure of the franchise. It asks: "Do you understand that the success or failure of your franchise 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?" Again, franchisees must answer 'Yes' or 'No', demonstrating their awareness of these critical elements.
These questions serve to confirm that prospective All Team franchisees have considered the potential benefits and, more importantly, the risks involved in operating the franchise. It also ensures they acknowledge the various factors that can impact their business's performance. This type of questionnaire is a standard practice in franchising, intended to protect both the franchisor and franchisee by ensuring a mutual understanding of the business venture.