factual

Where can I find the 'Receipts' document referenced in the Ella Cafe Franchise Disclosure Document?

Ella_Cafe Franchise · 2024 FDD

Answer from 2024 FDD Document

The last two pages of this disclosure document, Exhibit J, are detachable duplicate Receipts. Please sign and date both copies of the Receipt. Keep one signed copy of the Receipt for your file and return to us the other signed copy of the Receipt. The Receipt page also contains the names, addresses and telephone numbers of our franchise sellers or brokers.

Source: Item 23 — RECEIPTS (FDD pages 50–181)

What This Means (2024 FDD)

According to Ella Cafe's 2024 Franchise Disclosure Document, the receipts are included as Exhibit J. Item 23 indicates that the last two pages of the document, which constitute Exhibit J, are detachable duplicate receipts. Prospective franchisees are instructed to sign and date both copies, keep one for their records, and return the other signed copy to Ella Cafe. This receipt page also includes the names, addresses, and telephone numbers of Ella Cafe's franchise sellers or brokers.

This process is a standard practice in franchising, ensuring that the franchisee acknowledges receipt of the FDD within the mandated timeframe. The FDD must be provided to the prospective franchisee at least 14 calendar days before signing a binding agreement or making any payment to Ella Cafe. This waiting period allows the franchisee adequate time to review the document and seek professional advice.

Failure by Ella Cafe to deliver the FDD on time, or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. Such violations should be reported to the Federal Trade Commission and any applicable state agency, as listed in Exhibit A of the FDD. Therefore, the receipts serve as an important confirmation of compliance with disclosure requirements, protecting both the franchisee and Ella Cafe.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.