Know Where To Dig For Gold!
Part of every franchise discovery process is receiving the Franchise Disclosure Document or FDD. FDDs are goldmines of information about a franchise.?
Each franchise in the US has its own FDD, and they are updated annually. Each FDD provides the same 23 sections. These sections are called Items.
Here are just a few of the topics covered in an FDD:
??Fees and costs
??Obligations of both the franchisee and the franchisor
??Territory
??Exit Strategies
??Financial statements?
??Contracts and other good stuff!
To learn more about the gold found in FDDs, check out this Franchise Alert.
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