For Crown Gold Exchange franchises in Ohio, what item is added to the Disclosure Document?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
In the State of Ohio only, this Disclosure Document is amended by adding the following two cover pages to this Disclosure Document:
READ THIS DISCLOSURE DOCUMENT CAREFULLY
The state of Ohio has not reviewed and does not approve, recommend, endorse, or sponsor this or any franchise. If you have any questions about this franchise, the information contained in this disclosure document should be reviewed with an attorney or financial advisor before you sign any agreement.
The following disclosure document contains the disclosures required by Ohio law.
In the State of Ohio only, this Disclosure Document is further amended as follows:
The following is added to Item 19:
CAUTION
Some business opportunity plans have earned this amount. There is no assurance you will do as well. If you rely upon our figures, you must accept the risk of not doing as well.
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, for Crown Gold Exchange franchises in Ohio, two cover pages are added to the Disclosure Document. These cover pages include a disclaimer stating that the State of Ohio has not reviewed or approved the franchise and advises potential franchisees to consult with an attorney or financial advisor before signing any agreement. Additionally, a caution is added to Item 19, which states that while some business opportunity plans have earned a certain amount, there is no assurance that a new franchisee will do as well, and they must accept the risk of not doing as well if they rely on the provided figures.
This means that prospective Crown Gold Exchange franchisees in Ohio should be aware that the state does not endorse the franchise and that they should conduct their own due diligence. The added caution to Item 19 serves as a reminder that past performance is not indicative of future results, and franchisees should carefully consider the potential risks involved.
These additions to the Disclosure Document are specific to Ohio and are intended to provide additional information and warnings to potential franchisees in that state. Franchisees should carefully review these addenda and seek professional advice to make an informed decision about investing in a Crown Gold Exchange franchise.