Has any Chem-Dry employee made any statement about operating costs that contradicts the Franchise Disclosure Document?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1. | Have you received and personally reviewed the Chem-Dry, Inc. Franchise Disclosure Document and each exhibit we provided to you? Yes No |
|---|---|
| 2. | Did you sign a receipt for the Franchise Disclosure Document indicating the date you |
| received it? Yes | |
| No | |
| 3. | Have you discussed operating a Chem-Dry |
| franchise with an attorney, accountant or other | |
| professional advisor? Yes | |
| No | |
| 4. | Do you understand the success or failure of your franchise will depend on many factors |
| including your skills and abilities, competition, interest rates, the economy, inflation, labor | |
| and supply costs, lease terms and the marketplace? Yes | |
| No | |
| 5. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
| made any | |
| statement or promise regarding the amount of money you may earn in operating the | |
| Chem | |
| Dry | |
| franchise that is contrary to, or different from, the information contained in the | |
| Franchise Disclosure Document? Yes | |
| No | |
| 6. | Has any employee or other person speaking on behalf of Chem-Dry, Inc. |
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to the 2024 Chem-Dry Franchise Disclosure Document, prospective franchisees are asked to complete a questionnaire that addresses this very issue. Question 7 specifically asks: "Has any employee or other person speaking on behalf of Chem-Dry, Inc. made any statement or promise regarding the costs involved in operating the Chem-Dry franchise that is contrary to, or different from, the information contained in the Franchise Disclosure Document?" The franchisee must answer either "Yes" or "No" to this question. If the franchisee answers "Yes" to this question, they are instructed to provide a full explanation.
This questionnaire serves as a critical verification step, ensuring that the franchisee acknowledges whether any representations made by Chem-Dry representatives conflict with the documented information in the FDD. This process aims to protect both the franchisee and Chem-Dry by clarifying expectations and preventing misunderstandings regarding the financial aspects of operating a Chem-Dry franchise.
It is important for a prospective Chem-Dry franchisee to carefully consider this question and provide an honest response. If there are any discrepancies or conflicting statements, it is crucial to document them and seek clarification from Chem-Dry before proceeding with the franchise agreement. This proactive approach can help avoid potential disputes and ensure a clear understanding of the financial obligations and expectations associated with the franchise.