For Bananas Smoothies Frozen Yogurt, what information must the notary public provide on the receipt?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit L of the disclosure document is a detachable document, in duplicate, acknowledging receipt of the disclosure document by a prospective franchisee. You should sign both copies of the Receipt. Retain one copy of the Receipt for Your records and return the other signed copy to Us.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no mention of a notary public needing to provide information on the receipt for Bananas Smoothies Frozen Yogurt. The FDD does state that Exhibit L is a detachable document in duplicate, acknowledging receipt of the disclosure document by a prospective franchisee. The prospective franchisee should sign both copies of the Receipt, retain one copy for their records, and return the other signed copy to Bananas Smoothies Frozen Yogurt.
Since the FDD does not specify any requirements for a notary public, it is important for a prospective franchisee to confirm whether a notary is needed and what information they would need to provide. This can be clarified by directly asking the franchisor for details on the receipt process and any involvement of a notary public.
It is common practice in franchising to have a receipt acknowledging the franchisee received the FDD within the mandated timeframe. However, notarization is not always a standard requirement. Therefore, further clarification from Bananas Smoothies Frozen Yogurt is essential to ensure full compliance with their specific procedures.