What information will Capriottis Sandwich Shop provide before a DRA is signed?
Capriottis_Sandwich_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
If Capriotti's Sandwich Shop, Inc. offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
[Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.]
If Capriotti's Sandwich Shop, Inc. does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified on Exhibit A.
Source: Item 5 — INITIAL FEES (FDD pages 12–13)
What This Means (2025 FDD)
According to the 2025 Capriottis Sandwich Shop FDD, if Capriottis Sandwich Shop offers a franchise, they must provide the disclosure document to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment to the franchisor or an affiliate. However, Michigan requires that Capriottis Sandwich Shop provide the disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. New York requires that Capriottis Sandwich Shop provide the disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
The disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. The FDD includes exhibits such as state franchise regulators and agents for service of process, the franchise agreement, the development rights agreement, state-specific information, the table of contents of the manual, information regarding current and past franchisees, financial statements, a mutual release, an ACH transfer agreement, a franchise disclosure questionnaire, a renewal rider to the franchise agreement, and a franchise agreement amendment for virtual kitchen operations.
It is important for prospective franchisees to carefully read the disclosure document and all agreements. If Capriottis Sandwich Shop does not deliver the disclosure document on time, or if it contains a false or misleading statement or a material omission, a violation of federal and state law may have occurred. This should be reported to the Federal Trade Commission and the appropriate state agency identified on Exhibit A.