Where can I find copies of the detachable receipts mentioned in the Bonchon Franchise Disclosure Document?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You will find copies of a detachable receipt in Exhibit S at the very end of this disclosure document.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, copies of the detachable receipt can be found in Exhibit S at the end of the document. This receipt serves as an acknowledgment that the prospective franchisee has received the FDD.
The FDD highlights the importance of this document, stating that Bonchon must provide the disclosure document to the franchisee at least 14 calendar days before any binding agreement is signed or any payment is made to Bonchon. This waiting period allows potential franchisees to thoroughly review the document and seek professional advice before committing to the franchise.
Furthermore, the FDD mentions specific state regulations regarding the delivery of the disclosure document. For instance, New York requires the document to be provided at the earlier of the first personal meeting or 10 business days before the execution of any agreement or payment. Michigan requires a similar 10-business-day period before any binding agreement or payment. These regulations are in place to protect franchisees and ensure they have sufficient time to make informed decisions. The FDD also states that failure to deliver the document on time or if it contains false or misleading information, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission and the state agency listed on Exhibit P.