What should a prospective Petro Stopping Center franchisee do if they receive projections of their future income?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. 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 Walter, at 24601 Center Ridge Road, Westlake, Ohio 44145-5634, dwalter@ta-petro.com; (440) 808-3203, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 78–79)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, Petro Stopping Center does not authorize its employees or representatives to make any representations, either orally or in writing, about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. The only exception is if you are purchasing an existing outlet, in which case Petro Stopping Center may provide you with the actual records of that outlet.
If a prospective Petro Stopping Center franchisee receives any financial performance information or projections of their future income from someone other than the actual records of an existing outlet they are considering buying, they should report it to Petro Stopping Center's management. The FDD specifies contacting Daniel Walter at 24601 Center Ridge Road, Westlake, Ohio 44145-5634, via email at dwalter@ta-petro.com, or by phone at (440) 808-3203.
In addition to reporting unauthorized financial projections to Petro Stopping Center's management, the FDD states that prospective franchisees should also report it to the Federal Trade Commission and the appropriate state regulatory agencies. This is to ensure transparency and compliance with franchise regulations, as the FTC's Franchise Rule permits a franchisor to disclose information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and the information is included in the disclosure document.