Does Dermani Medspa have written substantiation for the financial performance information, and where is it available?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
chisees or sellers of franchises should be advised that no certified public accountant has audited these figures or expressed his/her opinion with regard to their contents or form.
Written substantiation of all financial performance information presented in this financial performance representation will be made available to you in our main office upon reasonable request.
Other than the preceding financial performance representation, we do not make any financial performance representations. We do not authorize our employees or representatives to make any representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to our management by contacting Mr. Harvey Hillyer, 9100 Conroy Windermere Road, Suite 200, Windermere, Florida 34786, or 877- DERMANI (337-6264), the Federal Trade Commission, and the appropriate state regulatory agencies.
**ITEM 20.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–61)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, written substantiation for the financial performance information presented in Item 19 is available. This substantiation can be accessed by prospective franchisees upon making a reasonable request at Dermani Medspa's main office.
This means that while Dermani Medspa provides financial performance representations, they also maintain documentation to support the figures they present. As a potential franchisee, you have the right to review this documentation to better understand the basis for Dermani Medspa's financial claims. This is a standard practice in franchising, ensuring transparency and allowing you to conduct thorough due diligence.
The FDD also emphasizes that the financial information is based on unaudited data reported by Dermani Medspa's affiliates. It explicitly advises that no certified public accountant has audited these figures or expressed an opinion on their accuracy. Therefore, it is crucial to carefully examine the written substantiation and consider seeking independent financial advice to evaluate the data's reliability and relevance to your specific circumstances.
Furthermore, the FDD cautions against relying on any financial performance representations made outside of Item 19, unless you are purchasing an existing outlet and receive its actual records. If you encounter any unauthorized financial claims, you are instructed to report them to Dermani Medspa's management, the Federal Trade Commission, and the appropriate state regulatory agencies. This highlights the importance of verifying information and relying on official sources when evaluating a franchise opportunity.