Is Burros Fries making any representations about a franchisee's future financial performance?

According to the 2024 Burros Fries Franchise Disclosure Document, Burros Fries does not make any representations about a franchisee's future financial performance. This means that Burros Fries does not provide any projections or guarantees regarding the potential revenue, expenses, or profits a franchisee might expect to achieve. They also do not provide information on past performance of company-owned or franchised locations.

This lack of financial performance representations is a common practice among franchisors, particularly for newer or smaller franchise systems. Without a substantial operating history and a large sample size of franchised locations, it can be difficult to develop reliable financial performance representations.

The FDD does state that if a prospective franchisee is purchasing an existing Burros Fries outlet, the franchisor may provide the actual records of that specific outlet. The FDD also instructs prospective franchisees to report to Burros Fries' management if they receive any unauthorized financial performance information or projections. The contact information for Fernando Ruiz is provided for this purpose: 4536 Bonita Rd., Bonita, CA 91902, Direct Line: (619) 773-6589 and Email: fer@burrosandfries.com.

Prospective franchisees should be aware that, in the absence of financial performance representations from Burros Fries, they will need to conduct their own independent financial analysis and due diligence to assess the potential profitability of a Burros Fries franchise. This may involve market research, cost analysis, and consulting with financial professionals.