What is the nature of purchasing a Craters & Freighters Franchised Business described as?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Disclosure Document and all exhibits and carefully read, discussed, understands and agrees to the Franchise Agreement, each attached written Addendum and any personal guaranties.
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- I have had an opportunity to consult with an independent professional advisor, such as an attorney or accountant, prior to signing any binding documents or paying any sums, and Craters & Freighters Franchise Company has strongly recommended that I obtain such independent advice. I have also been strongly advised by Craters & Freighters Franchise Company to discuss my proposed purchase of a Craters & Freighters Franchised Business with any existing Craters & Freighters franchisees prior to signing any binding documents or paying any sums and Craters & Freighters Franchise Company has supplied me with a list of all existing franchisees if any exist.
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- I fully understand that any training, support, guidance or tools that Craters & Freighters Franchise Company will provide to me as part of the franchise are for the purpose of protecting the Craters & Freighters brand and trademarks and to assist me in the operation of my franchised business and not for the purpose of controlling or in any way intended to exercise or exert control over any of my decisions or the day to day operations of my franchised business, including my sole responsibility for the hiring, payment of wages, and other compensation (including benefits), training, supervision and termination of my employees, and all other employment and employee related matters that occur involving my franchised business.
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- I understand that a) entry into any business venture necessarily involves some unavoidable risk or loss or failure; b) while the purchase of a franchise may improve the chances for success, the purchase of a Craters & Freighters Franchised Business or any other franchise is a speculative investment; c) investment beyond that outlined in the Franchise Disclosure Document may be required to succeed; d) there exists no guaranty against possible loss or failure in this or any other business; and e) the most important factors in the success of any
Craters & Freighters Franchised Business including the one to be operated by me, are my personal business skills, which include marketing, sales, and management, and require sound judgment and extremely hard work.
If there are any matters inconsistent with the statements in this document or if anyone has suggested that you sign this document without all of its statements being true, correct and complete, immediately inform Craters & Freighters Franchise Company (Phone: 303-399-8190).
You understand and agree that we do not furnish, or authorize our salespersons, brokers, or others to furnish any oral or written information concerning actual or potential sales, costs, income, expenses, profits, cash flow, tax effects, or otherwise (or information from which such items might be ascertained), from franchise or nonfranchised units, that no such results can be assured or estimated, and that actual results will vary from unit to unit.
You understand and agree to all of the foregoing and represent and warrant that all of the above statements are true, correct, and complete.
This Statement of Franchisee is not intended to limit any rights you may have under local law.
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, purchasing a franchise involves unavoidable risks, and success is not guaranteed. The FDD emphasizes that while a franchise might improve the chances of success, it remains a speculative investment. Prospective franchisees should be aware that the initial investment outlined in the FDD may not be sufficient to ensure success, and there is no guarantee against potential losses or business failure. The document stresses the importance of personal business skills, including marketing, sales, and management, along with sound judgment and hard work, as critical factors for success.
The FDD also highlights the importance of independent decision-making for franchisees. Craters & Freighters provides training, support, guidance, and tools to protect its brand and assist in business operations. However, these resources are not intended to control or exert influence over the franchisee's decisions or daily operations. Franchisees retain sole responsibility for hiring, wage payments, training, supervision, and termination of employees, as well as all other employment-related matters.
Before signing any binding documents or making payments, Craters & Freighters strongly advises prospective franchisees to consult with independent professional advisors, such as attorneys or accountants. They are also encouraged to discuss the proposed franchise purchase with existing Craters & Freighters franchisees. The FDD also states that except as listed in ITEM 19 of the Craters & Freighters Franchise Company Franchise Disclosure Document, no oral, written, visual or other claim or representation which stated or suggested a specific level or range of actual or potential sales, costs, income, expenses, profits, cash flow, tax effects or otherwise from Craters & Freighters Franchise Company franchised businesses, was made to the franchisee by any person or entity, nor have they relied in any way on any such claim or representation.