Does the Fat Shack Disclosure Document include a Statement of Prospective Franchisee as an attachment?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
TNESS/ATTEST: | Date: LANDLORD: By: | Title: Date:
ATTACHMENT E (TO DISCLOSURE DOCUMENT)
STATEMENT OF PROSPECTIVE FRANCHISEE
FAT SHACK INC. STATEMENT OF PROSPECTIVE FRANCHISEE
(Note: Dates and Answers Must be completed in the Prospective Franchisee's Own Handwriting.)
Since the prospective franchisee (also called "me," "our", "us", "we", and/or "I" in this document) and Fat Shack Inc. (also called "FSI", "you", or "your") both have an interest in making sure that no misunderstandings exist between each of us, and to verify that no violations of law might have occurred, and understanding that FSI is relying on the statements I/we make in this document, I/we advise FSI as follows:
The following dates and information
Source: Item 22 — Contracts (FDD page 53)
What This Means (2025 FDD)
Yes, according to the 2025 Fat Shack Franchise Disclosure Document, Attachment E includes a Statement of Prospective Franchisee. This statement is designed to ensure there are no misunderstandings between the prospective franchisee and Fat Shack Inc. It also verifies that no violations of law have occurred. Fat Shack relies on the statements made by the prospective franchisee in this document.
The Statement of Prospective Franchisee requires the franchisee to acknowledge several key aspects of the franchise agreement and their understanding of the business venture. These include understanding the potential differences in pricing at special venues, the absence of guaranteed financial results, and the risks associated with the investment. The franchisee also confirms they have the opportunity to consult with independent advisors and have been advised to discuss the franchise with existing Fat Shack franchisees.
Furthermore, the franchisee acknowledges the inherent risks of business ownership, the speculative nature of the investment, and the understanding that personal skills are crucial for success. They also confirm they have adequate working capital and understand their responsibility in selecting a suitable site for their Fat Shack Restaurant. The inclusion of this statement underscores the importance of due diligence and informed decision-making for potential Fat Shack franchisees.