Who should a prospective Big Apple Bagels franchisee consult with to prepare budgets and projections?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
You should conduct an independent investigation of the costs and expenses you will incur in operating your BAGELS Store. We encourage you to consult with your own accounting, business, and legal advisors to assist you to prepare your budgets and projections, and to assess the likely or potential financial performance of your BAGELS Store. We also encourage you to contact existing BAGELS Store operators to discuss their experiences with the system and their Store business. Existing franchisees are your best source of information.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 76–80)
What This Means (2025 FDD)
According to Big Apple Bagels's 2025 Franchise Disclosure Document, prospective franchisees are encouraged to consult with their own accounting, business, and legal advisors to assist in preparing budgets and financial projections. This is a standard practice in franchising, as these professionals can provide tailored advice based on the franchisee's specific circumstances and local market conditions.
Big Apple Bagels also advises potential franchisees to contact existing Big Apple Bagels store operators to discuss their experiences with the system and their store business. Speaking with current franchisees can provide valuable insights into the day-to-day operations, challenges, and financial performance of a Big Apple Bagels franchise. This direct feedback can be instrumental in assessing the potential financial performance of a new store.
It is important to note that Big Apple Bagels does not provide specific data regarding costs and expenses, as they do not regularly collect this data from franchisees and do not operate any company-owned stores. Therefore, conducting an independent investigation of costs and expenses is crucial. By consulting with advisors and existing franchisees, prospective Big Apple Bagels franchisees can gather the necessary information to make informed decisions about their investment.