Does Bevaris Alliance make any representations about a franchisee's future financial performance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 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 Branded Business, however, we may provide you with the actual records of that Branded Business. If you receive any other financial performance information or projections of your future income, you should report it to our management by contacting Benice Shamoon, 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, California 90210, (800) 277-3599, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 19)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the franchisor does not make any representations about a franchisee's future financial performance, nor do they provide information on the past financial performance of company-owned or franchised outlets. Bevaris Alliance 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 Branded Business, Bevaris Alliance may provide the actual records of that specific business. The FDD stipulates that if a potential franchisee receives any other financial performance information or projections of future income, they should report it to Bevaris Alliance's management, the Federal Trade Commission, and the appropriate state regulatory agencies. The contact for Bevaris Alliance's management is Benice Shamoon, located at 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, California 90210, (800) 277-3599.
This policy is typical in franchising. Franchisees should be wary of any financial projections made outside of the formal Item 19 within the FDD, as these are not vetted by the franchisor and may be unreliable. It is important for potential Bevaris Alliance franchisees to conduct their own independent financial analysis and due diligence, consulting with financial advisors and other franchisees to assess the potential profitability of the franchise.