Which exhibit in the Chem-Dry Disclosure Document contains the Financial Statements with Guaranty of Performance?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a Disclosure Document from Chem-Dry, Inc. dated as of March 29, 2024 that included the following Exhibits:
Signature of Officer Printed Name and Title If an entity - Name of entity: Date Received Date Received E. List of Franchisees Manual D. Table of Contents of Operating I. Franchisee Disclosure Questionnaire C. Business Note G. H. State Addenda to the FDD B. Franchise Agreement and Other Financial Statements with Guaranty of Agreements Performance A List of Agents/State Agencies F. List of Former Franchisees
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, Exhibit B includes the Financial Statements with Guaranty of Performance. This is confirmed in Item 23, which lists the exhibits included in the disclosure document.
As a prospective franchisee, it is crucial to carefully review Exhibit B. The financial statements will provide insight into Chem-Dry's financial health, including revenues, expenses, assets, and liabilities. This information can help you assess the stability and profitability of the company.
The Guaranty of Performance, if applicable, would outline any guarantees Chem-Dry provides regarding the performance of the franchise. Understanding the terms and conditions of this guarantee is essential before investing in a Chem-Dry franchise, as it could offer some protection against potential losses or underperformance. Reviewing this exhibit will allow you to make a more informed decision about investing in a Chem-Dry franchise.