Before you sign anything, understand what you are agreeing to. Lisa and a franchise expert go through Item 6 of the Franchise Disclosure Document, where ongoing fees and other charges are laid out.
Item 21 FDD: How Do You Read the Financial Statements?
What is Item 21 in a franchise disclosure document? This video explains what it covers, how to read the franchisor’s audited financial statements, and which red flags to look for.
FDD Item 2: What Does It Say About Franchise Leaders?
Item 2 of the franchise disclosure document shows who leads a franchise brand. A franchise attorney explains leadership turnover and past lawsuits to ask about, and Lisa adds her view as a multi-unit franchise owner and consultant.
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