What is Face Foundrie's Area Developer acknowledging about the business venture's risks?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
The undersigned, personally and as an officer(s), member(s) or partner(s) of Area Developer, as applicable, does hereby certify that he/she has conducted an independent investigation of the business contemplated by this Area Development Agreement and the Face Foundrié Franchising L.L.C. Franchise Agreement, and that the decision to execute the Area Development Agreement was based entirely upon the independent investigation by the undersigned; and the undersigned further certifies that he/she has not relied upon, in any way, any claims regarding potential sales, income, or earnings to be derived from the business contemplated by the Franchise Agreement and Area Development Agreement, and has not relied upon any claims regarding past or current sales, income or earnings of Franchisor or its affiliate operated Face Foundrié Facial Bars that are contrary to or different from the information contained in Franchisor's Franchise Disclosure Document. The undersigned further certifies that he/she understands the risks involved in this investment and Face Foundrié Franchising L.L.C. makes no representation or guaranty, explicit or implied, that the Area Developer will be successful or will recoup his/her investment.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Area Developer acknowledges several key aspects regarding the risks associated with the business venture. The Area Developer certifies that they have conducted an independent investigation of the business opportunity, including both the Area Development Agreement and the Franchise Agreement. This indicates that Face Foundrie expects its Area Developers to perform their own due diligence before committing to the venture.
Furthermore, the Area Developer acknowledges that their decision to execute the Area Development Agreement is based entirely on their own independent investigation and not on any claims regarding potential sales, income, or earnings made by Face Foundrie Franchising L.L.C. This is a standard disclaimer to prevent Area Developers from claiming they were misled by overly optimistic projections. The Area Developer also confirms they have not relied on any claims about past or current sales, income, or earnings of Face Foundrié Facial Bars that contradict the information provided in the Franchise Disclosure Document. This reinforces the importance of the FDD as the primary source of information for potential earnings.
Finally, the Area Developer acknowledges and understands the risks involved in the investment. Face Foundrié explicitly states that it makes no representation or guarantee, either explicit or implied, that the Area Developer will be successful or will recoup their investment. This is a critical point, highlighting that the success of the venture is not assured and depends on various factors, including the Area Developer's capabilities and market conditions. This acknowledgment underscores the importance of carefully evaluating the risks and potential rewards before investing in a Face Foundrie Area Development Agreement.