What is the Mr. Sandless franchisee acknowledging about the independence of their investigation?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
- Franchisee has conducted an independent investigation of all aspects relating to the financial, operational and other aspects of the business of operating the Franchised Business. Franchisee further acknowledges that, except as may be set forth in Franchisor's Disclosure Document, no representations of performance (financial or otherwise) for the Franchised Business provided for in this Agreement has been made to Franchisee by Franchisor and Franchisee and any and all Principals hereby waive any claim against Franchisor for any business failure Franchisee may experience as a franchisee under this Agreement.
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- Franchisee has conducted an independent investigation of the business contemplated by this Agreement and understands and acknowledges that the business contemplated by this Agreement involves business risks making the success of the venture largely dependent upon the business abilities and participation of Franchisee and its efforts as an independent business operation.
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Source: Item 23 — RECEIPTS (FDD pages 42–167)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, franchisees must acknowledge that they have conducted an independent investigation into all aspects of operating a Mr. Sandless franchise. This includes the financial and operational aspects of the business. This acknowledgement is part of the Franchisee Acknowledgment Statement, which is an inducement for Mr. Sandless to enter into a Franchise Agreement. This statement is not for use in California, Maryland, or Washington, and franchisees in Washington should not sign or initial the document.
Specifically, the franchisee acknowledges that, except as set forth in the Disclosure Document, Mr. Sandless has not made any representations of performance (financial or otherwise) for the franchised business. The franchisee and any principals also waive any claim against Mr. Sandless for any business failure the franchisee may experience. The franchisee also acknowledges that the business involves risks and that the success of the venture depends largely on the franchisee's abilities and efforts as an independent business operation.
This acknowledgement is significant because it emphasizes that the franchisee is responsible for their own due diligence and business decisions. It limits Mr. Sandless's liability for the franchisee's potential business failures. Prospective franchisees should carefully consider this acknowledgement and ensure they conduct a thorough investigation before investing in a Mr. Sandless franchise. They should consult with their own advisors to assess the risks and potential rewards of the franchise opportunity.