Is Aplus making any representations about the past financial performance of company-owned or franchised outlets?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
As of the date of this disclosure document Sunoco Retail LLC has operated 19 Sunoco APLUS convenience stores as company units. These companyoperated units are frequently referred to as "Co-Op" units.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 64–65)
What This Means (2024 FDD)
Based on the 2024 Aplus Franchise Disclosure Document, there is no explicit representation regarding the past financial performance of either company-owned or franchised outlets within the provided Item excerpts. The excerpts focus on various aspects of the Aplus franchise program, including the roles of affiliated companies, territory rights, training and support, marketing fees, and general franchise operations.
Specifically, the excerpts detail the support Aplus provides to franchisees before and after opening, such as site selection assistance, equipment installation, back-office system maintenance, and initial training. They also outline the franchisee's obligations, including contributing to a marketing fund, which is currently $750 per month for all franchisees. The document also clarifies that Aplus operates 19 company-owned stores in New Jersey, but these are not considered for reporting under Item 20, which would typically cover outlet information.
Without any quoted financial performance representations, prospective franchisees should directly request detailed financial performance representations from Aplus. Item 19 of the FDD is where this information is typically found. If Aplus does not provide an Item 19, it is even more important for potential franchisees to conduct their own thorough financial due diligence, including speaking with existing franchisees, to understand the potential financial performance of an Aplus franchise.