What is an FDD?
The Franchise Disclosure Document (referred to as the FDD or UFOC, or disclosure document) is the document that a franchise company is required by law to give to a prospective franchise buyer before the franchise can be purchased. This document covers information regarding the franchisor, its management, its financial history, and the material terms and conditions of the Franchisee/Franchisor relationship. It must explain to you all the initial costs of the franchise, the costs to start the business, any litigation the company has in its history, it must disclose the names and phone numbers of its existing owners, as well as past owners. The FDD was created to establish a consistent and uniform format for disclosure throughout the United States. Its intent is to provide a prospective franchise buyer with a good deal of information with which to make an informed decision. Our experienced consultants will help you better understand information supplied in the FDD. In addition, they will
