What does 'FPR' stand for in the Chop5 Salad Kitchen Franchise Disclosure Document?

According to the 2024 Chop5 Salad Kitchen Franchise Disclosure Document, "FPR" means the financial performance representation set forth in Item 19 of the Disclosure Document. This definition is important because Item 19 of the FDD provides information about the actual or potential financial performance of Chop5 Salad Kitchen's franchised and company-owned outlets.

The financial performance representation includes data from a qualifying restaurant, which is a company-owned restaurant located in Polaris, Ohio. The document states that the FPR is limited to data from the company-owned restaurant since there were no franchised restaurants in operation during the measuring period. The measuring period is defined as the time between January 1, 2023, and expiring December 31, 2023.

Chop5 Salad Kitchen also clarifies that the FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the Disclosure Document. The document also states that written substantiation for this financial performance representation will be made available to you upon your reasonable written request.