For Bombs Away franchises in Ohio, what does the disclosure document contain?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
OHIO ADDENDUM TO DISCLOSURE DOCUMENT
In the State of Ohio only, this Disclosure Document is amended by adding the following two cover pages to this Disclosure Document:
READ THIS DISCLOSURE DOCUMENT CAREFULLY
The state of Ohio has not reviewed and does not approve, recommend, endorse, or sponsor this or any franchise. If you have any questions about this franchise, the information contained in this disclosure document should be reviewed with an attorney or financial advisor before you sign any agreement.
The following disclosure document contains the disclosures required by Ohio law.
In the State of Ohio only, this Disclosure Document is further amended as follows:
The following is added to Item 19:
CAUTION
Some business opportunity plans have earned this amount. There is no assurance you will do as well. If you rely upon our figures, you must accept the risk of not doing as well.
Source: Item 23 — RECEIPTS (FDD pages 36–117)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the disclosure document for the state of Ohio is amended by adding two cover pages. These cover pages state that the state of Ohio has not reviewed or approved the franchise and advises potential franchisees to consult with an attorney or financial advisor before signing any agreement. The cover pages also indicate that the disclosure document contains the disclosures required by Ohio law.
Additionally, for Bombs Away franchises in Ohio, Item 19 of the disclosure document is amended to include a caution. This caution advises potential franchisees that while some business opportunity plans have earned a certain amount, there is no assurance that they will do as well. It also states that if franchisees rely on the franchisor's figures, they must accept the risk of not performing as well.
This Ohio addendum serves to inform prospective Bombs Away franchisees in Ohio about the state's position on franchise endorsements and the importance of independent financial and legal advice. It also highlights the inherent risks associated with relying on earnings claims, which is a standard disclosure practice to manage expectations and ensure franchisees understand that past performance is not a guarantee of future success.