Is the Floors To Go Principal Owner's Statement included as an exhibit?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
SCHEDULE "C"
PRINCIPAL OWNER'S STATEMENT
PLEASE SEE EXHIBIT "C" FOR PRINCIPAL OWNER'S STATEMENT
EXHIBIT "C"
FLOORS TO GO, LLC
FRANCHISE DISCLOSURE DOCUMENT
Dated March 12, 2025
PRINCIPAL OWNER'S STATEMENT
PRINCIPAL OWNER'S STATEMENT MEMBERS
This form must be completed by the prospective member ("I," "me," or "my") if I have multiple owners or if I, or my franchised business, is owned by a business organization (like a corporation, partnership or limited liability company). Floors To Go, LLC is relying on the truth and accuracy of this form in awarding the franchise to me.
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the Principal Owner's Statement is included as an exhibit. Specifically, Schedule C refers prospective franchisees to Exhibit C for the Principal Owner's Statement.
Exhibit C is titled "PRINCIPAL OWNER'S STATEMENT" and is dated March 12, 2025. The form is required to be completed by the prospective member if they have multiple owners or if the franchised business is owned by a business organization, such as a corporation, partnership, or limited liability company. Floors To Go, LLC relies on the truth and accuracy of this form when awarding the franchise.
This statement is important because it provides Floors To Go with information about the ownership structure of the franchisee. This helps Floors To Go assess the financial stability and management experience of the franchisee, which are important factors in determining whether to award a franchise. Prospective franchisees should carefully complete this form and ensure that all information provided is accurate and truthful.