The How-To Franchise Guide
Chapter 7: Getting Started
The FDD: What To ExpectJuly 28, 2009 | By Eddy Goldberg | Read Full Story
The Franchise Disclosure Document, or FDD, is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to franchise candidates, at least 14 days prior to a sale. A FDD is intended to give candidates the information they need to make a wise decision on whether or not to buy a particular franchise.
The FDD (formerly known as the Uniform Franchise Offering Circular, or UFOC) became mandatory July 1, 2008, as part of the FTC's amendment of its 1978 Franchise Rule. The original Franchise Rule was instituted to protect franchise candidates from disreputable franchisors, especially concerning claims about how much money a franchisee could earn.
While FDD stands for Franchise Disclosure Document, it could equally stand for "Franchisee Due Diligence." Because that's what the FDD is all about: It's part of the due diligence process each candidate must undertake - thoroughly - before signing a franchise agreement.
"The purpose of the disclosure document...
Top News Stories
7-Eleven, Inc. Announces Aggressive Growth Plans Throughout SoCal
July 28, 2009 | Read Full Story | Franchise Information
| 7-Eleven, Inc. today announced that it will embark on an aggressive growth plan in Southern California that will include more than 100 new stores across the region in the next three years. The company also announced that it has hired CB Richard Ellis... |  |
Baskin-Robbins Opens Washington, DC For Franchise Sales; Plans More Than 35 New Stores In The Region
July 27, 2009 | Read Full Story | Franchise Information
| Baskin-Robbins, America's favorite ice cream shop, is rapidly expanding its national footprint with today's announcement that Washington, DC is now open for franchise sales. More than 35 new stores are projected throughout the District of Columbia and... |  |
DVD Kiosk Customers Want Clear Solutions
July 27, 2009 | Read Full Story | Franchise Information
| Despite the popularity of DVD kiosks, consumers have taken to Facebook, Twitter, and the blogosphere to list their most common complaints. Consumers have expressed frustrations towards long line-ups, slow selection process, poor customer service, and... |  |
Carpet Cleaning Franchisees Grow Business From The Ground Up!
July 21, 2009 | Read Full Story | Franchise Information
| What's the best way to start a new business when the economy has tanked? According to Jonathan Barnett, President of Oxi Fresh Carpet Cleaning®, a home-based franchise can provide a low-cost business with the benefits of a national brand and a proven. |  |
Oxi Fresh Joins The IFMA In Asking: "How Clean Is The Air You Breathe?"
July 21, 2009 | Read Full Story | Franchise Information
| The IFMA (International Facility Management Association) is challenging facility managers to improve the indoor air quality for building occupants. The IFMA is a community of facility management practitioners, consultants, educators, and product and... | |
Forty-five Years And Counting A Look At Arby's(R) Past, Present And Future
July 24, 2009 | Read Full Story | Franchise Information
| On July 23, 1964, two brothers, Forrest and Leroy Raffel, opened the doors to the very first Arby's restaurant under a glowing neon cowboy hat in Boardman, Ohio. They had a vision to shake up the fast food industry with something different – roast b |  |
Ge Capital's Franchise Finance Business Provides $12 Million To Tribox Llc To Acquire Additional Jack In The Box Units
July 22, 2009 | Read Full Story | Franchise Information
| GE Capital, Franchise Finance completed a $12 million loan to Tribox LLC for the purchase of 14 Jack in the Box units and to refinance some existing debt. Tribox currently owns and operates seven Jack in the Box franchise units in the Dallas area. |  |
Cross The Road To Dunkin' Donuts For The New Oven-toasted Chicken Parmesan Flatbread Sandwich
July 23, 2009 | Read Full Story | Franchise Information
| People looking for a premium sandwich with familiar flavors to keep them running throughout the busy day now have a new reason to cross the road to Dunkin' Donuts. Dunkin' Donuts, America's all-day, every day stop for coffee and baked goods, today... |  |
TSS Photography Awards Home-Town Heroes As 'Volunteers Of The Year'
July 22, 2009 | Read Full Story | Franchise Information
| After receiving more than 300 nominations from across the country for its second annual 'Volunteer of the Year' award, TSS Photography, the nation's leading youth photography franchise, announced 26 deserving state winners and a national winner for... |  |
2008 Allstate Sugar Bowl MVP Brian Johnson To Visit Utah Play N Trade
July 21, 2009 | Read Full Story | Franchise Information
| Brian Johnson, star and MVP of the 2008 Allstate Sugar Bowl, will appear at Play N Trade in West Valley City, Utah on July 14, 2009 from 4-6 p.m. to greet fans, sign autographs, and play NCAA Football 10. |  |
Financial Announcements
Buffalo Wild Wings, Inc. Announces Second Quarter 2009 Results
Buffalo Wild Wings, Inc. (NASDAQ: BWLD), announced today financial results for the second quarter ended June 28, 2009. Highlights for the second quarter versus the same period a year ago were...
July 28, 2009 | Read Full Story
Pizza Patron Q2 Sales Increase 4.15 Percent
July 24, 2009 | Read Full Story | Franchise Information
| Pizza Patron, the premier Latin pizza brand, has posted comparable sales increases each month of 2009 leading to a 4.15 percent second quarter increase over 2008. Aggressive local marketing and industry-leading everyday food values for families have... |  |
Strategic Alliances
SONIC(R), America's Drive-In(R) And DonorsChoose.org Partner To Support Teachers In Local Communities
esources and funding for teachers are lessening everyday, and SONIC Drive-In is stepping in to help. Through a new program, Limeades for Learning, SONIC will donate more than half a million dollars to classrooms in local communities across the country...
July 28, 2009 | Read Full Story
Johnny Rockets Has A Brush With 'FAME'
The Johnny Rockets Group, Inc. today announced the launch of an integrated promotion designed to increase brand awareness, drive restaurant traffic and share in the brand equity of MGM Pictures and Lakeshore Entertainment's highly-anticipated film FAME.
July 24, 2009 | Read Full Story
Personnel Changes
Roni Deutch Hires Executive Vice-President Of Franchise Sales & Development For The Roni Deutch Tax Center
Roni Deutch Tax Center has hired Matthew Ritchie, a long-time attorney of Roni's Law Firm, Roni Lynn Deutch, A Professional Tax Corporation, as Executive Vice-President of Franchise Sales & Business Development to spearhead new business development...
July 28, 2009 | Read Full Story
Additional Announcements
7-Eleven, Inc. Announces Aggressive Growth Plans Throughout SoCal
July 28, 2009 | Read Full Story | Franchise Information
| 7-Eleven, Inc. today announced that it will embark on an aggressive growth plan in Southern California that will include more than 100 new stores across the region in the next three years. The company also announced that it has hired CB Richard Ellis... | |
Card Connection Franchisees Increases Sales By 20%
Leading greeting card publisher and franchisor, Card Connection, has today announced that Andy Thompson and his wife Vicki, franchisees for the Sunderland, Berwick and Durham region, have increased their sales by 20% in the past year.
July 28, 2009 | Read Full Story
Carlson President And CEO Hubert Joly To Lead Carlson Hotels Worldwide; Thorsten Kirschke Appointed COO Of Carlson Hotels – Americas
Carlson, the parent company of Carlson Hotels Worldwide, today announced that Hubert Joly, Carlson President and Chief Executive Officer, will now also personally lead Carlson's hotel business, supported by a global hotel management team.
July 28, 2009 | Read Full Story
FETCH! Pet Care Sales Soar As Owners Turn To At-Home Pet Sitting
Pet owners have made it clear this year that there's one thing they will not give up in a down economy – home care for their four-legged friends.
July 27, 2009 | Read Full Story
Brett Favre Joins New 'Team'
The anticipation surrounding Brett Favre's decision to sign with a football team has reached a fever pitch. So, it was with the secrecy and security of a presidential summit that Favre flew into Chicago on July 20, walked onto the set and taped a...
July 27, 2009 | Read Full Story
Baskin-Robbins Opens Washington, DC For Franchise Sales; Plans More Than 35 New Stores In The Region
July 27, 2009 | Read Full Story | Franchise Information
| Baskin-Robbins, America's favorite ice cream shop, is rapidly expanding its national footprint with today's announcement that Washington, DC is now open for franchise sales. More than 35 new stores are projected throughout the District of Columbia and... | |
Cold Stone Creamery And NFL Icon Larry Fitzgerald Team Up In The Fight Against Breast Cancer
Cold Stone Creamery today announced a partnership with NFL icon Larry Fitzgerald Jr. to raise breast cancer awareness and advance breast cancer research through an in-store and online gift card promotion to benefit the National Breast Cancer Foundation.
July 27, 2009 | Read Full Story
8-Year-Old's Award-Winning Gourmet Burger Sales Support Child Safety As Part Of Red Robin's Third Annual Kids' Cook-Off
Starting today, burger enthusiasts nationwide will have the opportunity to taste America's newest gourmet burger recipe while also supporting an important cause. From Tuesday, July 28 to Sunday, Sept. 13, Red Robin Gourmet Burgers, Inc. (Red Robin)...
July 28, 2009 | Read Full Story
Jamba Juice Begins East Coast Food Rollout With Launch Of California Flatbreads(TM) In New York City Locations
Following the initial rollout of Jamba Juice's new food items in California last month, the company announced today the debut of its California Flatbreads in 18 New York City locations. Satisfying high customer demand for great tasting and...
July 28, 2009 | Read Full Story
DVD Kiosk Customers Want Clear Solutions
July 27, 2009 | Read Full Story | Franchise Information
| Despite the popularity of DVD kiosks, consumers have taken to Facebook, Twitter, and the blogosphere to list their most common complaints. Consumers have expressed frustrations towards long line-ups, slow selection process, poor customer service, and... | |
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