Planet fitness businesses are fitness training facilities offering exercise machines and free weights, fitness training services, tanning services, related services and. Wingstop franchise disclosure document fdd this wingstop franchise disclosure document fdd, published in 2016, contains 23 items of information disclosed following the completion of the market research report and industry analysis 10811186. Corporate information dai is a florida corporation, incorporated on june 3, 1991 and does business as subway. Duffs famous wings fdd pdf download franchise disclosure. Restaurants are designed to be located primarily in shopping centers. Requirements for franchise disclosure document preparation. We have the latest version of all fdds ready for download. State effective date california december 19, 2014 hawaii illinois december 19, 2014 indiana december 19, 2014 maryland december 19, 2014. Franchise disclosure document plafit franchise, llc a new hampshire limited liability company 26 fox run road newington, nh 03801 603 7500001. While it includes some information about our franchise agreement, dont rely on it alone to understand the agreement. Franchise disclosure documents fdd provide hundreds of pages of information on franchise systems. This session will introduce you to the basics of registration and disclosure regulation and best practices for compliance. New pricing structure the volume discounts below apply only to fdds after 2015.
Founded in 1980, fuddruckers was born from the universal craving for a truly great burger. Exhibit a1 power of attorney for wingstop franchisor. It was originally known as the uniform franchise offering circular ufoc or uniform franchise disclosure document, prior to revisions made by the federal trade commission in july 2007. Since were in the flavor business, were all about, you guessed it, flavor and. Although we believe that our franchise disclosure documents, together with any. Franchisee resource center your headquarters for guidance and information on researching, finding, and launching a franchise. Dont rely on the disclosure document alone to understand your contract. Item 17 of the franchise disclosure document is amended by adding. Please refer to item 6 and item 7 of the kfc us llc franchise disclosure document fdd for details pertaining to new franchise application fees, transfer fees, training expenses, initial franchise fees, constructing a new restaurant, grand opening expenses and opening inventory. This is the initial public offering of wingstop inc.
Hey, its hard to compete with 30 years of burger love. The franchise disclosure document fasas disclosure. The franchise disclosure document fdd is a legal disclosure document that must be given to individuals interested in buying a u. May 11, 2020 offit kurman is responding to the covid19 crisis in realtime as the situation continues to develop. Reader requests for more information eventually led to the educated franchisee resource center and online community.
You are required to provide a disclosure document to a person proposing to enter into, renew or extend a franchise agreement. Introduction we have provided this disclosure document to help you decide about buying an ocean basket franchise. A consumers guide to buying a franchise federal trade. Under the franchise rule enforced by the ftc, you must receive the document at least 14 days before you are asked to sign any contract or pay any money to the franchisor or an affiliate of the franchisor. This franchise disclosure document is registered, on file or exempt from registration in the following states having franchise registration and disclosure laws, with the following effective dates. Duffs famous wings franchise disclosure document and. Jun 25, 2019 the franchise disclosure document fdd is a legal disclosure document that must be given to individuals interested in buying a u. The relevant section of the fasa code provides that a minimum of 14 full days must elapse between the date on which a prospective franchisee receives copies of the disclosure document and the franchise agreement and the earliest date on which an agreement can be signed or any monies are paid over.
Best and worst franchises listed by sba loan defaults. The ftc and various state franchise laws require that we furnish a franchise disclosure document containing certain information to prospective franchisees in advance of any franchise sale or the. Ask them if they publish an earnings claim which is the statement 19 in their federal disclosure document fdd. Show your contract and this disclosure document to an advisor, like a lawyer or an accountant. The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of wingstop franchise owners. In addition, the franchise will be required to pay other fees. To be updated when there is any material change affecting the franchise system, but at least annually and to be given to potential franchisees and.
Wingstop franchise disclosure documents fdds are listed here and available for immediate pdf download. A wingstop franchise restaurant offers buffalostyle chicken wings in a variety of. This federally mandated document helps the reader identify systemic strengths and weaknesses while also outlining the legal relationship between the franchisee and the franchisor. The franchise disclosure document before you invest in any franchise, get a copy of the franchisors franchise disclosure document fdd. More information on franchising, such as a consumers guide to buying a franchise, which can help you understand how to use this disclosure document is available from the federal trade commission. Wingstop franchise disclosure documents fdd exchange. This complete starter package contains our fdd and franchise agreement templates, plus our comprehensive operations manual template. The above information has been compiled from the fdd of wingstop. The fdd store is an educational resource of the educated franchisee, a bestselling how to guide for choosing a winning franchise authored by rick bisio.
Thats why we put together this complete mailingtelemarketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former. A franchise disclosure document fdd is a legal document which is presented to prospective buyers of franchises in the presale disclosure process in the united states. Investment the total investment necessary to begin operation of a wingstop. Jun 26, 20 detailed estimates of wingstop franchise costs based on item 7 estimated initial investment of wingstops 2019 franchise disclosure document. When assessing a franchise offer, prospects tend to find it difficult to ascertain what they let themselves in for. Its optional for a franchisor to include a statement 19 in their fdd, but if they do, it will tell you a lot about the average earnings of their franchisees. Franchise disclosure document template, franchise agreement. Registration and disclosure capitol ballroom salon g to sell franchises in the united states, franchisors must comply with applicable federal and state franchise registration and disclosure requirements. Jul 08, 2018 when it comes to franchising, few things are as important as the brands franchise disclosure document.
When it comes to franchising, few things are as important as the brands franchise disclosure document. Since then weve been obsessed with doing one thing better than anyone else. How to read a franchise disclosure document forbes. One of the best ways to thoroughly research a franchise or business opportunity. Required by law, the franchise disclosure document, or fdd known until recently as the ufoc, or uniform franchise offering circular informs qualified prospective wingstop franchisees of their rights and obligations before they sign your franchise agreement see below and buy a wingstop franchise from you. You means the person who buys a bikram yoga franchise the. Wingstop fdd franchise information, costs and fees type of business the franchise is to operate a restaurant under the wingstop trade name and business system that serves buffalostyle chicken wings and complementary side dishes and beverages. They also offer freshcut french fries, other foods, and beverages, including beer and wine where legally permitted. Wing zone franchise disclosure document, mar 2019, 202 pages below are the wing zone franchise disclosure documents available for purchase. Wingstop fdd pdf download franchise disclosure documents. Ricks extensive experience in the good, and bad, of franchising led him to write this book. Corporate information we are a texas corporation with our home office at 1101 e. The franchisor compliance manual disclosure document accc.
This franchise disclosure document is registered, on file, or exempt from registration in the following states having franchise registration and disclosure laws, with the following effective dates. Franchise disclosure document effective dates the following states require that the franchise disclosure document be registered or filed with the state, or be exempt from registration. Applications for registration of a franchise, or applications for renewal or amendment of an existing franchise registration, must comply with the following requirements for preparing the contents of a franchise disclosure document. Thats why were still here, 30 years later, and have the best brand awareness for a burger chain of our size. Presently, offit kurman is open and working at nearly full capacity. They began offering franchises for wingstop restaurants in may 1997. The franchise agreement and franchise disclosure document shall be deemed amended so that.
Wingstop fdd pdf download franchise disclosure document. Franchise disclosure document 2010 page 1 phx 329,224,856v4 item 1 franchisor and any parents, predecessors and affiliates to simplify the language in this disclosure document, we use we, us and the company to mean bikram, inc. Wingstop franchise costs examined on top franchise blog. Wingstop franchisee owners list contact wingstop franchisees.
Requires that the disclosure document with a major city, kona ice cream franchise. Wingstop 2018 fdd franchise information, costs and fees the. Here are my tips for how to read this key document from the perspective of a potential. However, to protect our team, all of our offices are closed to visitors and most of our team is working remotely. Browse our database of franchise disclosure documents.
Wingstop franchise costs examined on top franchise blog 2019. The wing zone fdd covers 23 key items including the franchises recent litigation, costs and fees, franchisor and franchisee obligations, key players, and other important information. California, hawaii, illinois, indiana, maryland, michigan, minnesota, new york, north dakota, rhode island, south dakota, virginia, washington and wisconsin. Access verified contact data of wingstop franchise owners.
As a result, some people have lost their investment or have found themselves locked into an unworkable contract with untrustworthy people. Show your contract and this disclosure document to an advisor, like a lawyer or accountant. Wingstop restaurants offer chicken wings in a variety of highlyseasoned flavors. More information on franchising, such as a consumers guide to buying a franchise, which can help you understand how to use this franchise disclosure document, is available from the federal trade commission.
Detailed estimates of wingstop franchise costs based on item 7 estimated initial investment of wingstops 2019 franchise disclosure document. Whether you are just starting to look into franchise ownership or are ready to figure out financing options our courses will give you the information you need to be ready to become a franchise owner. The information in this disclosure document can help you make up your mind. We provide a reliable, authoritative platform that allows entrepreneurs to connect with franchisers seeking investors. Dai was originally formed as a connecticut corporation, incorporated on october 17, 1967 as doctors associates, inc and. They typically occupy from 1,350 to 1,800 square feet of leased retail space. Canadian franchise association disclosure document guide in accordance with the mandatory disclosure policy of the canadian franchise association adopted november 4, 1996 revised april 2002. Offit kurman is responding to the covid19 crisis in realtime as the situation continues to develop. Starting in july 2019, we asked franchisors to fill out our online form and submit a copy of their current franchise disclosure document fdd or canadian disclosure document. Over 7,800 individual franchise concepts are listed.
The information in this franchise disclosure document can help you make up your mind. The minnesota department of commercesecurities section ensures that both franchisor and franchisee are protected from unscrupulous operators in the state and consumers are protected from fraudulent franchise operations as outlined by the minnesota statute 80c. The purpose of a disclosure document is to give a prospective franchisee key information about the franchise system, and an existing franchisee current information about the running of the. A wingstop franchise entitles the franchisee to operate one restaurant at an. Please note that this disclosure document is provided for your convenience and information. Wingstop fdd summary type of business the franchise is to operate a restaurant under the wingstop trade name and business system that serves buffalostyle chicken wings and complementary side dishes and beverages. One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system. The franchisor will not be held liable for any representations or warranties that it makes in this document. Dai was originally formed as a connecticut corporation, incorporated on october 17, 1967 as doctors associates, inc and was moved from connecticut. Ocean basket is a member in good standing of the franchise association of south africa and, if required, further. It was originally known as the uniform franchise offering circular ufoc or uniform franchise disclosure document, prior to revisions made by the federal trade.
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