If I need financing for my Mr. Sandless franchise, does Mr. Sandless provide any assistance in finding lenders?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Other than the preceding financial performance representation, Mr. Sandless Franchise LLC does 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 Daniel J. Prasalowicz at 2970 Concord Road, Aston, PA 19014-2947 or call (877) 994-WOOD/(610) 364-2080, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 10 — FINANCING (FDD page 19)
What This Means (2025 FDD)
Based on the 2025 Mr. Sandless Franchise Disclosure Document, there is no mention of Mr. Sandless offering assistance to franchisees in securing financing. The FDD details various aspects of the Mr. Sandless franchise system, including the franchisor's background, obligations, fees, restrictions, and training programs. However, it does not specify whether Mr. Sandless provides any direct or indirect support to franchisees in obtaining financing.
While the FDD does not address financing assistance, it does provide financial performance representations in Item 19. This section includes information on average customer prices based on reported sales data. However, it explicitly states that these figures do not reflect costs of sales, operating expenses, or other costs that must be deducted to determine net income or profit. The FDD emphasizes the importance of conducting an independent investigation of costs and expenses, suggesting franchisees or former franchisees as potential sources of this information.
Therefore, prospective Mr. Sandless franchisees should directly inquire with the franchisor about available financing options or preferred lenders. Additionally, they should consult with financial advisors and explore various funding sources to determine the most suitable financing strategy for their individual circumstances. It is crucial to conduct thorough due diligence and not solely rely on the franchisor for financial guidance.