In what document will Jersey Mikes provide additional information on a previously-owned franchised restaurant that I am purchasing?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are purchasing a previous ly-owned franchised Restaurant, Company will provide you additional information on the previously-owned franchised Restaurant in an addendum to this Disclosure Document.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, if you are considering purchasing a previously-owned franchised restaurant, Jersey Mikes will provide you with additional information about that specific restaurant. This information will be included in an addendum to the Franchise Disclosure Document itself.
This addendum is crucial for prospective franchisees because it provides specific details about the restaurant's history, performance, and any unique circumstances that may affect its future operation. This information is in addition to the standard disclosures provided in the FDD, which cover the franchise system as a whole.
By providing this information in an addendum, Jersey Mikes ensures that potential buyers have access to the specific details they need to make an informed decision about purchasing a previously-owned location. Reviewing this addendum carefully is an essential step in the due diligence process for any prospective franchisee.