Can a prospective Kitchen Solvers franchisee request written substantiation for the financial performance representation?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. Written substantiation for the financial performance representation will be made available to the prospective franchisee upon reasonable request.
- E. Other than the preceding financial performance representation, we do not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Thomas Miskowski at 528 Loomis Street, La Crosse, Wisconsin 54603, 888-484-8468, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 40–44)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, prospective franchisees can request written substantiation for the financial performance representation. The FDD explicitly states that written substantiation will be made available upon reasonable request. This means that if Kitchen Solvers provides any financial performance representations in Item 19 of the FDD, such as potential revenue or profits, they must also be able to back up those claims with documented evidence.
This is a beneficial provision for potential Kitchen Solvers franchisees as it allows them to verify the accuracy and reliability of the financial information presented by the franchisor. By requesting and reviewing this substantiation, franchisees can make a more informed decision about whether to invest in a Kitchen Solvers franchise. It is a common and recommended practice to request this information to conduct thorough due diligence.
It is important to note that this substantiation is only available upon request, so prospective franchisees must take the initiative to ask for it. The FDD also clarifies that Kitchen Solvers does not authorize its employees or representatives to make any financial performance representations outside of what is provided in Item 19, and any such information should be reported to the franchisor's management and relevant regulatory agencies. If purchasing an existing outlet, Kitchen Solvers may provide the actual records of that outlet.