Question
Locate an FDD online for a franchise company you find to be of interest. Pay special attention to the sections on (1) initial, continuing, and
Locate an FDD online for a franchise company you find to be of interest. Pay special attention to the sections on (1) initial, continuing, and other fees; (2) investment; franchisor and franchisee obligations; (3) territory protection; franchise financial performance; and (4) how to get out. From a prospective franchisee perspective, what concerns would you have? If you possessed the required finances, would you consider signing up as a franchisee? Why or why not?
Note: Minnesota is one of just four states, which provides public access to FDDs online. Use the document search feature on the state's Department of Commerce website to locate FDDs dating back to 2010.Under "Area of Interest," select "Franchise Registrations." Enter information for the franchisor and/or year and select "Disclosure Form" as the document type. Select "Go" to view results.
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