What information must the franchisee provide when signing the Gold Star Disclosure Document receipt?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: 05/01/2025
I have received a Disclosure Document dated 05/01/2025 that included the following Exhibits:
- A) Agent for Service of Process List
- B) Franchise Agreement
- C) Table of Contents Manual of Operations
- D) List of Franchise Outlets
- E) List of Outlets That Closed During Year Ended December 31, 2024 or That Have Not Communicated with Gold Star Chili Recently
- F) Financial Statements
- G) State Administrators
- H) Addendum to the Gold Star Chili, Inc. Franchise Agreement and Franchise Disclosure Document for the State of Indiana
- I) Receipt
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to the 2025 Gold Star Franchise Disclosure Document, the receipt serves as an acknowledgment that the franchisee has received the FDD and its exhibits. The franchisee must provide the name of the franchise, the date of the disclosure document (05/01/2025) and a list of the exhibits included. These exhibits include:
- Agent for Service of Process List
- Franchise Agreement
- Table of Contents Manual of Operations
- List of Franchise Outlets
- List of Outlets That Closed During Year Ended December 31, 2024 or That Have Not Communicated with Gold Star Chili Recently
- Financial Statements
- State Administrators
- Addendum to the Gold Star Chili, Inc. Franchise Agreement and Franchise Disclosure Document for the State of Indiana
- Receipt
This receipt confirms that Gold Star provided the FDD at least 14 calendar days before the franchisee signs any binding agreements or makes any payments. This waiting period allows the franchisee adequate time to review the document and seek professional advice. The receipt also serves as a record that the franchisee has been informed of their rights and protections under federal and state franchise laws, including the right to report any false statements, misleading information, or material omissions to the Federal Trade Commission and the appropriate state agency.