Does the Aplus Franchisee Disclosure Questionnaire ask if the franchisee has discussed the benefits and risks of operating the Aplus Store with an advisor?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| [PLEASE RESPOND WITH YES OR NO TO EACH QUESTION BELOW] |
|---|
| 1. |
| Have you received and personally reviewed Sunoco Retail LLC Franchise Agreement and each |
| exhibit, addendum and schedule attached to it? |
| 2. |
| Do you understand all of the information contained in the Franchise Agreement and each exhibit |
| and schedule attached to it? |
| If "No", what parts of the Franchise Agreement do you not understand? (Attach additional pages, if |
| necessary.) |
| 3. |
| Have you received and personally reviewed our disclosure document we provided to you? |
| 4. |
| Do you understand all of the information contained in the disclosure document? |
| If "No", what parts of the disclosure document do you not understand? (Attach additional pages, if |
| necessary.) |
| 5. |
| Have you discussed the benefits and risks of operating the APLUS Store with an attorney, |
| accountant or other professional advisor and do you understand those risks? |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire does inquire whether the prospective franchisee has discussed the benefits and risks of operating an Aplus store with a professional advisor. Specifically, it asks if the franchisee has consulted with an attorney, accountant, or other professional advisor regarding these aspects and whether they understand the risks involved.
This question is part of a broader effort by Aplus to ensure that franchisees are making informed decisions. The questionnaire aims to determine if any unauthorized or misleading statements have been made to the franchisee during the pre-sale process. By confirming that the franchisee has sought professional advice, Aplus can be more confident that the franchisee understands the potential challenges and rewards of operating an Aplus store.
This requirement highlights the importance of due diligence in the franchise purchasing process. Aplus encourages prospective franchisees to seek independent legal and financial advice to fully understand the franchise agreement and the risks associated with the business. This step can help franchisees avoid misunderstandings or unrealistic expectations and make a more informed decision about investing in an Aplus franchise.