If a Body20 franchise applicant did not obtain site selection advice from anyone other than Body20 representatives, does the questionnaire ask if they wish to have more time to do so?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Have you personally read the Franchise Agreement? | |
|---|---|
| Yes | |
| No | |
| Do you understand all of the terms of the Franchise Agreement? | |
| Yes | |
| No | |
| If not, what parts of the Franchise Agreement do you not understand? (Attach additional | |
| pages, if necessary.) | |
| Have any of our representatives recommended that you have the FDD and related | |
| agreements reviewed by an attorney or other professional advisor? | |
| Yes | |
| No | |
| advisor? | Have you, in fact, discussed the FDD, the related agreements, and the benefits and risks |
| of operating a BODY20® | |
| franchise with an attorney, accountant, or other professional | |
| Yes | |
| No | |
| If yes, name and profession of advisor: | |
| If no, do you wish to have more time to do so? | |
| Yes | |
| No |
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to the 2025 Body20 Franchise Disclosure Document, the receipt includes a questionnaire that asks franchise applicants whether they have discussed the FDD, related agreements, and the benefits and risks of operating a Body20 franchise with an attorney, accountant, or other professional advisor. If the applicant answers 'no', the questionnaire asks if they wish to have more time to do so. This suggests Body20 encourages applicants to seek professional advice before signing the franchise agreement.
This questionnaire appears in 'Item 23: Receipt' of the FDD. It is important to note that this questionnaire is separate from Schedule 1 to Appendix A of the Franchise Agreement, which is completed after site selection and acceptance. The questionnaire is designed to ensure that the franchisee understands the terms of the contract and that no unauthorized statements or promises have been made.
Prospective Body20 franchisees should carefully consider whether to seek advice from an attorney, accountant, or other professional advisor. While Body20 provides information in the FDD, professional advice can help the franchisee fully understand the risks and benefits of investing in a Body20 franchise. The questionnaire provides an opportunity for the applicant to request more time to seek such advice if they have not already done so.