If I receive projections of my future income, who should I report it to at Red Wagon Club?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 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 our Chief Executive Officer & Director, Tim Sechler at 2801 Florida Avenue, Suite C, Coconut Grove, Florida 33133, (724) 750-6185, the Federal Trade Commission; and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 44)
What This Means (2024 FDD)
According to Red Wagon Club's 2024 Franchise Disclosure Document, Red Wagon Club does not authorize its employees or representatives to make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets.
However, if you are purchasing an existing outlet, Red Wagon Club 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 their Chief Executive Officer & Director, Tim Sechler at 2801 Florida Avenue, Suite C, Coconut Grove, Florida 33133, (724) 750-6185. You should also report it to the Federal Trade Commission and the appropriate state regulatory agencies.
This is a standard practice in franchising, as franchisors want to ensure that prospective franchisees are not being given misleading or inaccurate information about potential earnings. By reporting any unauthorized financial performance information, you are helping Red Wagon Club maintain transparency and compliance with franchise regulations.