What must an All Team franchisee do if All Team desires to utilize a financial performance representation?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
If ATFC at any time desires to utilize a financial performance representation or similar document in connection with the sale of franchises, FRANCHISEE agrees to provide ATFC, at no cost, with such reasonable information as ATFC requires from FRANCHISEE in order to properly prepare such documents, and shall permit ATFC to utilize such information as it deems necessary.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, if All Team desires to use a financial performance representation when selling franchises, the franchisee must provide All Team with reasonable information at no cost. This information will be used to properly prepare these documents, and the franchisee must allow All Team to use the information as needed.
This means that as an All Team franchisee, you are obligated to cooperate with All Team by providing them with access to your financial records and other relevant data. This information helps All Team create accurate and representative financial performance representations for potential franchisees.
It is important for prospective franchisees to maintain accurate and complete financial records, as this information may be requested by All Team. Failure to cooperate could potentially impact All Team's ability to market and sell franchises, and by extension, affect the overall growth and brand reputation of the All Team franchise system.