Does Crepe De Licious make representations about a franchisee's future financial performance?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing, other than for the information described in this Item or for information which supplements these tables with respect to performance at particular locations or under particular circumstances. If you are purchasing an existing business, however, we may provide you with the actual records of that business. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Oded Yefet at 147 Citation Drive, Unit 29, Concord, Ontario L4K 2P8, (905) 326-2969, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 52–53)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, Crepe De Licious does not make any representations about a franchisee's future financial performance, nor do they make representations about the past financial performance of company-owned or franchised outlets. This means that Crepe De Licious does not provide any guarantees or projections regarding the potential revenue, expenses, or profits a franchisee can expect to achieve.
Crepe De Licious also does not authorize its employees or representatives to make any financial performance representations, either orally or in writing, beyond what is included in Item 19 of the FDD or supplements to those tables regarding performance at specific locations or under particular circumstances. However, if a prospective franchisee is purchasing an existing Crepe De Licious business, the franchisor may provide the actual records of that business.
The FDD instructs potential franchisees to report any unauthorized financial performance information or income projections they receive to Crepe De Licious's management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to ensure that franchisees are not misled by unsubstantiated claims and can make informed decisions based on reliable information.
Because Crepe De Licious does not offer financial performance representations, prospective franchisees must conduct their own independent financial analysis and due diligence. This may involve consulting with financial advisors, reviewing the FDD carefully, and speaking with existing franchisees to gather insights into their experiences and financial performance. This approach is typical in the franchise industry, where franchisors often avoid making guarantees about future financial outcomes due to the many variables affecting a franchisee's success.