Does Bb.Q Chicken make any representations about a franchisee's future financial performance?
Bb_Q_Chicken 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 Hyongbong Kim at 2134 North Central Road, Fort Lee, New Jersey, 07024, and 201-461-4580, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 55–56)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, Bb.Q Chicken does not make any representations about a franchisee's future financial performance, nor do they provide information regarding the past financial performance of company-owned or franchised outlets. Bb.Q Chicken also does not authorize its employees or representatives to make any financial performance representations, either orally or in writing. This means that prospective franchisees will not receive any assurances or projections from Bb.Q Chicken about potential revenue, expenses, or profits. This is a common practice among franchisors, as future financial performance can be affected by many factors.
However, if a prospective franchisee is purchasing an existing Bb.Q Chicken outlet, Bb.Q Chicken may provide the actual records of that specific outlet. This allows the potential franchisee to review the financial history of the location they are considering. The FDD also instructs prospective franchisees to report any unauthorized financial performance information or projections they receive to Bb.Q Chicken's management, the Federal Trade Commission, and appropriate state regulatory agencies. This measure aims to ensure transparency and compliance with franchise regulations.
Given the lack of financial performance representations, it is crucial for potential Bb.Q Chicken franchisees to conduct their own thorough financial analysis and due diligence. This includes researching the market, evaluating potential locations, and developing a comprehensive business plan with realistic financial projections. Consulting with financial advisors and experienced franchise professionals is highly recommended to assess the financial viability of a Bb.Q Chicken franchise.