Does Burros Fries include franchisee contact information in its Franchise Disclosure Document?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISEE ACKNOWLEDGES AND AGREES THAT THE SUCCESS OF THE BUSINESS VENTURE CONTEMPLATED TO BE UNDERTAKEN BY FRANCHISEE AND ITS OWNERS IS SPECULATIVE AND WILL BE DEPENDENT ON PERSONAL EFFORTS AND SUCCESS IS NOT GUARANTEED. FRANCHISEE AND ITS OWNERS ACKNOWLEDGE AND REPRESENT THAT IT HAS ENTERED INTO THIS AGREEMENT AND MADE AN INVESTMENT ONLY AFTER MAKING AN INDEPENDENT INVESTIGATION OF THE OPPORTUNITY, INCLUDING HAVING RECEIVED A LIST WITH THE FRANCHISE DISCLOSURE DOCUMENT OF OTHER CURRENTLY AND PREVIOUSLY OPERATED BURROS & FRIES FRANCHISES, IF ANY AT THAT TIME.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries' 2024 Franchise Disclosure Document, the franchisee acknowledges having received a list of currently and previously operated Burros & Fries franchises along with the Franchise Disclosure Document. This list would presumably include contact information. Prospective franchisees typically use this list to contact existing and former franchisees to discuss their experiences with the Burros Fries franchise system. This is a standard practice in franchising, allowing potential franchisees to conduct due diligence and gather firsthand insights.
However, the FDD also states that no oral, written, or visual claim or statement that contradicts the disclosure document was made. This reinforces the importance of relying on the written information provided in the FDD and any accompanying lists.
It is important for prospective franchisees to review the list of current and former franchisees carefully and reach out to a representative sample to gain a balanced perspective on the Burros Fries franchise opportunity. They should inquire about various aspects of the business, such as profitability, support, and challenges, to make an informed decision.