Does the Aplus Franchisee Disclosure Questionnaire require the franchisee to confirm they have reviewed the disclosure document?
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 the 2024 Aplus Franchise Disclosure Document, the Franchisee Disclosure Questionnaire does require the franchisee to confirm they have reviewed the disclosure document. Specifically, the questionnaire asks: "Have you received and personally reviewed our disclosure document we provided to you?" and "Do you understand all of the information contained in the disclosure document?"
This requirement ensures that prospective Aplus franchisees acknowledge receipt and understanding of the FDD, which contains critical information about the franchise opportunity. By answering these questions, the franchisee confirms they have taken the necessary steps to become informed about the franchise agreement, fees, obligations, and potential risks associated with operating an Aplus store.
Additionally, the questionnaire includes a notice stating that by signing it, the franchisee represents that they have responded truthfully to the questions. However, prospective franchisees in Maryland are not required to complete the questionnaire. This confirmation helps Aplus ensure that franchisees are entering the agreement with a clear understanding of their rights and responsibilities, while also protecting the franchisor from potential future disputes arising from misunderstandings or misinformation.