factual

Will Spray Net provide written substantiation for the financial performance representations to prospective franchisees upon request?

Spray_Net Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Written substantiation for these financial performance representations will be made available to the prospective franchisee upon reasonable request.
    1. We encourage you to consult with your own accounting, business, and legal advisors to assist you in preparing your budgets and projections, and to assess the likely or potential financial performance of your franchise. We also encourage you to contact existing franchisees to discuss their experiences with the system and their franchise business. Notwithstanding the information within this financial performance representation, existing franchisees of ours are your best source of information about franchise operations.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–72)

What This Means (2025 FDD)

According to Spray Net's 2025 Franchise Disclosure Document, written substantiation for the financial performance representations will be made available to prospective franchisees upon reasonable request. This means that if a potential franchisee wants to verify the financial claims made by Spray Net in Item 19 of the FDD, they can ask Spray Net to provide supporting documentation.

This is a standard practice in franchising, allowing potential franchisees to conduct due diligence and assess the validity of the franchisor's financial performance claims. It is important for prospective franchisees to take advantage of this opportunity and carefully review the substantiation provided by Spray Net.

The FDD also encourages prospective Spray Net franchisees to consult with their own accounting, business, and legal advisors to assist in preparing budgets and projections, and to assess the likely or potential financial performance of their franchise. Additionally, the FDD recommends contacting existing franchisees to discuss their experiences with the system and their franchise business, emphasizing that existing franchisees are the best source of information about franchise operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.