Does Aw provide any financial performance representations about franchised or company-owned outlets in Item 19?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting John Rayyan at 8 McGlashen Drive, South Barrington, IL 60010, phone: 847-322-5666, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 37)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, Aw does not make any representations about a franchisee's future financial performance, nor does it provide information on the past financial performance of company-owned or franchised outlets. Aw also does not authorize employees or representatives to make such representations, either orally or in writing.
However, if a prospective franchisee is purchasing an existing Aw outlet, Aw may provide the actual records of that specific outlet. The FDD cautions potential franchisees to report to Aw's management, the Federal Trade Commission, and the appropriate state regulatory agencies if they receive any financial performance information or projections of future income from other sources.
This lack of financial performance representation is fairly common in franchising, as many franchisors prefer not to make projections. This is because franchisee success can depend on many factors, including the franchisee's management skills, local market conditions, and the ability to follow the Aw system. It is important for potential franchisees to conduct their own independent research and due diligence before investing in an Aw franchise.