What does Devon Creek disclaim regarding warranties or guarantees about the potential volume, profits, or success of the business venture?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
t). Franchisee (or Developer) represents, as an inducement to Franchisor's entry into this Agreement, that it has made no misrepresentations in obtaining the Franchise Agreement (or Multi-Unit Development Agreement).
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- Franchisor expressly disclaims the making of, and Franchisee (or Developer) acknowledges that it has not received or relied upon, any warranty or guarantee, express or implied, as to the potential volume, profits or success of the business venture contemplated by the Franchise Agreement (or Multi-Unit Development Agreement).
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6.
Source: Item 22 — CONTRACTS (FDD page 45)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, Devon Creek explicitly disclaims making any warranties or guarantees, whether express or implied, regarding the potential volume, profits, or overall success of the business venture for franchisees. This means that prospective franchisees should not rely on any assurances from Devon Creek about how much money they might make or how successful their franchise will be.
This disclaimer is a standard practice in the franchise industry. It underscores that the franchisee's success depends on various factors, including their own management skills, local market conditions, and adherence to the Devon Creek system. The franchisor's approval of a business location also does not constitute a warranty or endorsement of the location's suitability for a successful or profitable franchise.
Prospective Devon Creek franchisees should carefully consider this disclaimer and conduct their own independent research and due diligence. This includes analyzing market conditions, assessing their own financial capabilities, and seeking advice from business advisors before investing in a Devon Creek franchise. Understanding this disclaimer is crucial for making an informed decision and managing expectations about the potential risks and rewards of the franchise.