Does the Franchisee Disclosure Acknowledgment Statement apply to communications with transferring franchisees when purchasing an existing Eos Worldwide franchise?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
In the event that you are intending to purchase an existing Franchised Business from an existing franchisee, you may have received information from the transferring franchisee, who is not an employee or representative of the Franchisor. The questions below do not apply to any communications that you had with the transferring Franchisee.
Further, to the extent you spoke with other franchisees about their experiences with us and the EOS franchise system, those franchisees are not our employees or representatives and are not authorized to speak on our behalf. Information any such franchisee may have shared is based on their views and experiences alone, and should not be attributed to the Franchisor or its employees or representatives in any way.
Source: Item 22 — CONTRACTS (FDD page 74)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, the Franchisee Disclosure Acknowledgment Statement does not apply to communications with transferring franchisees when purchasing an existing Eos Worldwide franchise. The document clarifies that if a prospective franchisee is purchasing an existing franchised business from a current franchisee, any information received from that transferring franchisee should not be considered as coming from Eos Worldwide itself.
Eos Worldwide emphasizes that transferring franchisees are not employees or representatives of the company. Therefore, they are not authorized to speak on behalf of Eos Worldwide. Any opinions or experiences shared by these transferring franchisees are solely their own and should not be attributed to Eos Worldwide or its employees.
This distinction is important for prospective franchisees to understand, as it highlights the need to verify information independently with Eos Worldwide directly. Relying solely on the representations of a transferring franchisee carries the risk of misinformation or misunderstanding of the current terms and conditions of the franchise agreement. Prospective franchisees should engage directly with Eos Worldwide to obtain accurate and up-to-date information regarding the franchise opportunity.