If purchasing an existing outlet, what might Spray Net provide to the prospective franchisee?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
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 our management by contacting Kevin Houben, Spray-Net, Inc., at 1409 de Coulomb, Boucherville, Quebec, J4B 7M2, (877) 457-7729, as well as the Federal Trade Commission and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–72)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, if a prospective franchisee is purchasing an existing Spray Net outlet, the franchisor may provide the actual records of that specific outlet. This is in contrast to the financial performance representations provided in Item 19 of the FDD, which cover groups of existing franchises.
This is a valuable opportunity for a potential franchisee because it allows them to review the financial history of the specific location they are considering purchasing. By examining the outlet's records, the franchisee can gain a better understanding of the location's revenue, expenses, and profitability. This information can help the franchisee make an informed decision about whether or not to purchase the franchise.
It is important to note that Spray Net also advises that if a potential franchisee receives any other financial performance information or projections about future income, they should report it to Spray Net's management, as well as the Federal Trade Commission and the appropriate state regulatory agencies. This is to ensure that franchisees are not being misled by inaccurate or unsubstantiated financial claims.