What warranties are included when Stretch Zone purchases the Interest or Assets?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
"Assets" mean all equipment, vehicles, furnishings, fixtures, signs, inventory (non-perishable products, materials and supplies), leasehold improvements and the lease for the Premises"
Source: Item 8 — Receipts. Any sale made must be in compliance with § 683(8) of the Franchise Sale Act (N.Y. Gen. Bus. L. § 680 et seq.), which describes the time period a Franchise Disclosure Document (offering prospectus) must be provided to a prospective franchisee before a sale may be made. New York law requires a franchisor to provide the Franchise Disclosure Document at the earliest of the first personal meeting or ten (10) business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. (FDD pages 99–263)
What This Means (2025 FDD)
I am unable to provide information on warranties included when Stretch Zone purchases the Interest or Assets. After reviewing the provided excerpts from the 2025 Franchise Disclosure Document, I could not find any information about specific warranties offered by Stretch Zone when it purchases interests or assets from franchisees.
However, the FDD does define "Assets" as all equipment, vehicles, furnishings, fixtures, signs, inventory (non-perishable products, materials, and supplies), leasehold improvements, and the lease for the Premises.
To get a complete answer, prospective franchisees should ask Stretch Zone's franchisor directly about the specific terms, conditions, and any warranties involved when Stretch Zone purchases a franchisee's interest or assets. This will ensure a clear understanding of the financial and legal implications of such transactions.