What is the purpose of the Franchisee Disclosure Questionnaire for an All Team franchise?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
As you know, All Team Franchise Corporation (the "Franchisor") and you are preparing to enter into a Franchise Agreement for the operation of an All Team franchise. The purpose of this Questionnaire is to determine whether any statements of promises were made to you that the Franchisor has not authorized and that may be untrue, inaccurate or misleading. Please review each of the following questions and provide honest and complete responses to each question.
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 is used by All Team Franchise Corporation to determine if any unauthorized statements or promises were made to the prospective franchisee. All Team wants to ensure that any representations made during the franchise sales process are accurate, truthful, and officially sanctioned by the company.
By completing the questionnaire, the prospective franchisee confirms that they have reviewed the Franchise Agreement and Franchise Disclosure Document (FDD). They also acknowledge whether they had the opportunity to discuss the risks and benefits of operating an All Team franchise with a professional advisor. The questionnaire also addresses the franchisee's understanding of factors influencing the success or failure of the franchise, such as competition, economic conditions, and their own skills.
Furthermore, the questionnaire specifically asks whether any employee or representative of All Team made statements about potential earnings or the likelihood of success that deviate from what is presented in Item 19 of the FDD. It also covers whether any promises were made regarding advertising, marketing, training, support, or assistance that contradict the information in the FDD. This helps All Team identify and rectify any misrepresentations made during the sales process.
The questionnaire also addresses the potential impact of external factors, such as economic, political, or social disruptions like the COVID-19 outbreak, on the franchise business. By signing the questionnaire, the franchisee confirms the truthfulness of their responses and acknowledges that All Team relies on this information. This process ensures transparency and helps protect both the franchisee and All Team from misunderstandings or misrepresentations.