What is the purpose of Exhibit G, the Franchisee Disclosure Acknowledgment Statement, in the Buns On Fire FDD?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
SMYA VENTURES LLC
EXHIBIT "G" FRANCHISEE DISCLOSURE ACKNOWLEDGMENT STATEMENT
SMYA Ventures LLC (the "Franchisor") and you are preparing to enter into a Franchise Agreement for the establishment and operation of a Buns on Fire restaurant (the "Franchised Business"). The purpose of this Questionnaire is to make sure you have received the information necessary and have had the opportunity to review and consider such information.
For franchisees and franchises that are subject to the state franchise disclosure laws in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington or Wisconsin, this questionnaire is not intended and does not constitute waiver of any claims under any applicable state franchise law, including fraud in the inducement; or a disclaimer of any reliance on any statement made by any person acting on behalf of the Franchisor.
EXHIBIT "H" QUESTIONNAIRE
If you are purchasing an existing store from an existing Franchisee, you may have received information from the transferring Franchisee. That is a separate process. The questions below do not apply to any communications that you had with the transferring Franchisee.
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, Exhibit G, the Franchisee Disclosure Acknowledgment Statement, is designed to confirm that the prospective franchisee has received and had the opportunity to review the necessary information before entering into a franchise agreement. SMYA Ventures LLC (the franchisor) uses this statement to ensure franchisees have access to and time to consider important details about the Buns on Fire franchise opportunity.
For franchisees in states with franchise disclosure laws like California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin, the questionnaire in Exhibit G does not act as a waiver of any claims under state franchise law. This includes claims related to fraud in the inducement or disclaiming reliance on statements made by the franchisor. This means that even after signing the acknowledgment, franchisees in these states retain their legal rights and protections under state franchise laws.
Exhibit H, a questionnaire, is also included in the FDD. However, the FDD clarifies that if a franchisee is purchasing an existing Buns On Fire store from a transferring franchisee, the information received from the transferring franchisee is a separate process, and the questions in Exhibit H do not apply to any communications with the transferring franchisee. This distinction is important because it separates the franchisor's disclosure obligations from any information shared between the buyer and seller of an existing franchise unit.