Does the Aplus Franchisee Disclosure Questionnaire inquire about statements or promises made concerning Aplus Store revenues or profits?
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? |
| 6. |
| Do you understand that the success or failure of your business 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? |
| 7. |
| Has any employee or other person speaking on our behalf made any statement or promise |
| concerning the revenues or profits of the APLUS Store that we or our franchisees operate? |
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 address statements or promises made regarding the revenues or profits of an Aplus Store. Specifically, the questionnaire asks prospective franchisees whether any employee or person speaking on behalf of Aplus made any statements or promises concerning the revenues or profits of Aplus Stores.
This question is important because it helps Aplus identify any unauthorized representations made to potential franchisees during the sales process. Franchise sales representatives sometimes make overly optimistic projections to entice candidates. By asking this question, Aplus can determine if a franchisee was given information that deviates from the official disclosures in the Franchise Disclosure Document (FDD). This protects both Aplus and the franchisee by ensuring that decisions are based on accurate and consistent information.
For a prospective Aplus franchisee, this means they should carefully consider whether any verbal promises or revenue projections were made that are not reflected in the FDD. If such statements were made, the franchisee should disclose them in their response to the questionnaire. This disclosure allows Aplus to investigate and address any potential discrepancies, ensuring transparency and potentially preventing future disputes. It is crucial for franchisees to rely on the written information provided in the FDD and to seek clarification on any points of confusion or concern before signing the franchise agreement.