Reading a Franchise Disclosure Document is a tedious but important task when researching potential franchise investments.
The 23-section document spells out the most important details of purchasing and owning a franchise, but it can be confusing if you don’t know what you’re looking for, according to local experts.
“Read them carefully and entirely,†said Bruce Haffey, a shareholder in Troy-based Giarmarco Mullins & Horton PC. “You want to look for any surprises like additional costs.â€
Haffey said the franchisor should document all of its current and past lawsuits, and that should play a major role in the decision.
Read full article.
