What is the prospective franchisee of Bft required to assure the franchisor in the Statement of Prospective Franchisee?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
STATEMENT OF PROSPECTIVE FRANCHISEE
BFT FRANCHISE SPV, LLC STATEMENT OF PROSPECTIVE FRANCHISEE
[Note: Dates and Answers Must Be Completed in the Prospective Franchisee's Own Handwriting.]
** If the state franchise registration and disclosure laws of California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin apply to you, then you are not required to complete this Statement of Prospective Franchisee. Do not sign this Statement if you are a resident of Maryland or the franchise is to be operated in Maryland. **
Do not sign this Statement of Prospective Franchisee if you are a resident of Washington or the business that you will operate is located in Washington. This Statement of Prospective Franchisee does not waive any liability we may have under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder.
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:
A. The following dates and information are true and correct:
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 is a document where the prospective franchisee assures Bft that there are no misunderstandings between them and verifies that no violations of law might have occurred. Bft relies on the statements made by the prospective franchisee in this document.
However, the FDD states that if the state franchise registration and disclosure laws of California, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin apply to the prospective franchisee, then they are not required to complete this Statement of Prospective Franchisee. Additionally, the statement should not be signed if the prospective franchisee is a resident of Maryland or if the franchise is to be operated in Maryland. Similarly, the statement should not be signed if the prospective franchisee is a resident of Washington or the business they will operate is located in Washington.
This statement does not waive any liability Bft may have under the Washington Franchise Investment Protection Act, RCW 19.100, and the rules adopted thereunder. The prospective franchisee must complete the dates and answers in their own handwriting, indicating the importance of their personal confirmation of the information provided.