What information should the recipient provide on the Baya Bar Franchise Disclosure Document receipt?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
| EXHIBIT I: | | Receipt | | Date Received: | DATE: | | (If other than date signed) | (Signature of recipient) (Printed name of recipient) | | | Legal residence address |
Please return signed receipt to:
Baya Bar Franchise Systems, LLC 2343 Hylan Boulevard Staten Island, New York, 10306
Source: Item 22 — CONTRACTS (FDD page 56)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the recipient must provide the date they received the document, their signature, printed name, and legal residence address on the Franchise Disclosure Document receipt. This receipt serves as an acknowledgment that the prospective franchisee received the FDD.
Baya Bar requires that this signed receipt be returned to their headquarters located at 2343 Hylan Boulevard Staten Island, New York, 10306. This confirms that Baya Bar has fulfilled its legal obligation to provide the FDD within the mandated timeframe, allowing the franchisee adequate time to review the document before making any commitments or payments.
It is important for the prospective franchisee to complete this receipt accurately and return it promptly to Baya Bar, as it is a crucial step in the franchise process. Failure to do so could potentially delay the process or raise concerns about compliance with franchise regulations.