Does Burros Fries provide any financial performance representations in its Franchise Disclosure Document?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
We do not make Financial Performance Representations and have not included any such representations in the Franchise Disclosure Document.
Franchisee, and each Owner or other person related to Franchisee who executes this Agreement, acknowledges that neither we nor any officer, director, employee or agent of ours have made, and Franchisee has not received or relied upon, any express written or verbal information, representations, assurances, warranties, guarantees, inducements, promises or agreements concerning the actual, average, projected or forecasted franchise sales, revenues, profits, earnings, margins, or likelihood of success that Franchisee might expect to achieve from operating the Business (defined as "Financial Performance Representations"), except as may be in the Franchise Disclosure Document reviewed by Franchisee or its representatives.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, they do not make any financial performance representations. The document explicitly states that Burros Fries has not included any representations regarding franchise sales, profits, or earnings.
This means that prospective franchisees will not find any data within the FDD that projects potential revenues, profits, or earnings. Instead, Burros Fries emphasizes that the success of the business is speculative and dependent on the franchisee's personal efforts.
Burros Fries also requires franchisees to acknowledge that they have not relied on any information, representations, or guarantees concerning potential financial performance, except as explicitly stated in the Franchise Disclosure Document. This reinforces the importance of conducting independent research and due diligence, and it protects Burros Fries from potential claims based on financial projections.