What action should I take with the receipt included as Exhibit I in the Zoomin Groomin FDD?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
This Franchise Disclosure Document summarizes certain provisions of the Franchise Agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Zoomin Groomin USA LLC d/b/a Zoomin Groomin offers you a franchise, it must provide this Franchise Disclosure Document to you fourteen (14) calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Iowa requires that we give you this disclosure document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
New York requires that we give you this Disclosure Document at the earlier 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.
If Zoomin Groomin USA LLC does not deliver this Franchise Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the appropriate state agency listed on Exhibit C.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to the 2025 Zoomin Groomin Franchise Disclosure Document, Exhibit I is a receipt. The FDD states that it summarizes certain provisions of the Franchise Agreement and other information in plain language. It advises you to read the disclosure document and all agreements carefully.
The FDD indicates that Zoomin Groomin must provide the Franchise Disclosure Document to you fourteen calendar days before you sign a binding agreement or make a payment to Zoomin Groomin or an affiliate in connection with the proposed franchise sale. Some states, like Iowa, require that you receive the disclosure document at the earlier of the first personal meeting or 14 calendar days before signing an agreement or making a payment. Michigan requires at least 10 business days before signing any agreement or making any payment. New York requires the disclosure document at the earlier of the first personal meeting or ten business days before signing the franchise agreement or making a payment related to the franchise relationship.
If Zoomin Groomin does not deliver the disclosure document on time, or if it contains a false or misleading statement, or a material omission, the FDD states that a violation of federal and state law may have occurred. In this case, you should report it to the Federal Trade Commission in Washington, DC, and the appropriate state agency listed on Exhibit C.
In summary, the receipt (Exhibit I) serves as an acknowledgement that you received the FDD. You should retain this receipt for your records and carefully review the FDD and all related agreements to ensure you understand the terms of the Zoomin Groomin franchise opportunity. Ensure that you receive the FDD within the mandated time frame as per federal and state laws. If there are any discrepancies or concerns, report them to the appropriate authorities.