From what sources is the Net Sales information obtained for Chatime franchises, as stated in the FDD?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Net Sales information included in this Item 19 and the table below is obtained from store point-ofsale (POS) reports and other materials submitted by the retail locations and franchisee. Neither we, any of our affiliates nor an independent certified public accountant has independently audited or verified the information.
Source: Item 19 — Financial Performance Representations (FDD pages 52–53)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the Net Sales information presented in Item 19 is derived from specific sources. The data is compiled from store point-of-sale (POS) reports and other materials that are submitted by the individual retail locations and franchisees.
It is important to note that Chatime Franchise LLC, its affiliates, and any independent certified public accountant have not independently audited or verified the accuracy of this information. This means that the financial figures reported are based on the self-reported data from franchisees, and prospective franchisees should consider this when evaluating the financial performance representations.
Prospective franchisees should perform their own due diligence and possibly consult with a financial advisor to independently verify the sales data and assess the potential financial performance of a Chatime franchise. Understanding the source and verification status of the data is crucial in making an informed investment decision.