Does the Chem-Dry Franchise Disclosure Document receipt confirm that any promises about earnings contrary to the document are not valid?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
---------------------------------------------------------------------------------------------------------| | 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. | | | made any | | | statement or promise concerning the total amount of revenue the Chem-Dry franchise will | | | generate that is contrary to, or different from, the information contained in the Franchise | | | Disclosure Document? Yes No | | 7. | 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? | | | Yes | | | No | | 8. | 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 Chem-Dry's 2024 Franchise Disclosure Document, the receipt includes questions for the potential franchisee to confirm whether they have received any statements or promises about earnings that contradict the information provided in the FDD. Specifically, it asks if any employee or person speaking for Chem-Dry has made promises about potential earnings, total revenue, costs, profits, or likelihood of success that differ from what's in the FDD.
The Chem-Dry receipt also includes an acknowledgement by the franchisee that they have not relied on any warranties or guarantees about potential revenues, profits, or the success of the franchise that are contrary to statements made in the Franchise Disclosure Document. The franchisee also acknowledges that Chem-Dry has not made any representations, warranties, or other claims regarding the Chem-Dry Business franchise opportunity, other than those made in the Franchise Agreement and FDD.
These acknowledgements are designed to protect Chem-Dry from potential legal claims based on verbal promises or representations made during the sales process that are not documented in the FDD. It reinforces that prospective franchisees should rely solely on the information contained within the FDD and their own independent investigation when making their investment decision. If a potential franchisee has answered "yes" to any of the questions regarding contradictory information, they are instructed to provide a full explanation.