Who does the franchise broker or referral source represent when assisting Chem Dry in selling franchises?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
We use the services of one or more FRANCHISE BROKERS or referral sources to assist us in selling our franchise. A franchise broker or referral source represents us, not you. We pay this person a fee for selling our franchise or referring you to us. You should be sure to do your own investigation of the franchise.
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, franchise brokers or referral sources used by Chem Dry represent Chem Dry, not the prospective franchisee. Chem Dry pays these brokers a fee for selling franchises or referring potential franchisees to them.
This arrangement means that the broker's primary responsibility is to Chem Dry, and they are incentivized to find suitable candidates to invest in a Chem Dry franchise. Prospective franchisees should be aware of this relationship and understand that the broker is not acting as an independent advisor.
Given this representation, Chem Dry advises potential franchisees to conduct their own thorough investigation of the franchise opportunity. This includes carefully reviewing the FDD, speaking with existing franchisees, and seeking independent legal and financial advice to make an informed decision.