What does Bft call the Prospective Franchisee in the Statement of Prospective Franchisee document?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Since the Prospective Franchisee (also called "me," "our," "us," "we" and/or "I" in this document) and BFT Franchise SPV, LLC (also called the "Franchisor" or "BFT") both have an interest in making sure that no misunderstandings exist between them, and to verify that no violations of law might have occurred, and understanding that the Franchisor is relying on the statements I/we make in this document, I/we assure the Franchisor as follows:
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the Statement of Prospective Franchisee refers to the prospective franchisee as "Prospective Franchisee" and also uses the terms "me," "our," "us," "we" and/or "I" to represent them within the document. This indicates that the document is designed to be completed by the prospective franchisee and that their statements are relied upon by Bft.
It is important to note that if the prospective franchisee is a resident of or will operate the franchise in California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, they may not be required to complete the Statement of Prospective Franchisee. Additionally, residents of Maryland or those operating a franchise in Maryland should not sign the statement. Similarly, residents of Washington or those operating a business in Washington should also not sign the Statement of Prospective Franchisee.
This statement ensures that the prospective franchisee understands the nature of their investment and confirms that they have not been misled during the franchise sales process. By signing the statement (when required and applicable), the prospective franchisee acknowledges their understanding and agreement with the terms and conditions presented by Bft.