If the Dermani Medspa franchisee has not reviewed the agreements with an advisor, do they wish to have more time to do so?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
As you have reviewed the financial performance representations in Item 19 of the Disclosure Document, do you understand that: a.
Item 19 contains only historical data from certain franchised and/or affiliate-owned dermani MEDSPA®s, and are not a promise, assurance or guaranty of future results of your Franchised Business; b. your results are likely to differ from the historical results reported; c. your results as a start-up business and Franchised Business are likely to be different than existing dermani MEDSPA®s; and d. you have had ample opportunity to review Item 19 with a lawyer, accountant and/or other advisor of your choosing.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
Based on the 2025 Dermani Medspa Franchise Disclosure Document, Item 23 includes a section for receipts and acknowledgements regarding the FDD and franchise agreement. While the document confirms that Dermani Medspa encourages franchisees to seek advice from lawyers, accountants, and other advisors, it does not explicitly provide a mechanism or question asking franchisees if they need more time to review the agreements with an advisor if they have not already done so.
However, the receipts section does include statements where the franchisee acknowledges they had ample opportunity to review Item 19 with an advisor. This suggests that Dermani Medspa emphasizes the importance of due diligence and encourages franchisees to seek professional advice before signing the agreement.
Prospective franchisees should consider this when evaluating the franchise opportunity and ensure they allocate sufficient time for thorough review and consultation with relevant experts. If a franchisee has not consulted with an advisor, it would be prudent to request additional time from Dermani Medspa to do so before finalizing the agreement, even though there is no explicit question about this in the receipts section.
Therefore, a prospective Dermani Medspa franchisee should directly ask the franchisor about the possibility of extending the review period to consult with an advisor if they have not already done so, ensuring they fully understand the terms and conditions before committing to the franchise.