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We are picking up where we left off before where we are reviewing the different items that are in the Franchise Disclosure Document (FDD). We've covered all the way up to Item 10 in our previous episode. So please go back and watch those if you get a chance. You'll learn a lot about Item 11 if you do that. We want to start with a disclaimer we are not attorneys, so you should seek professional legal advice in addition to what you're learning here today which is we are covering Item 11.
Item number 11 is a very, very, very important item because it really covers all of the fees that you would be paying as a franchisee to the franchisor to stay in good standing in that franchise. These fees are basically broken up into about five different pieces, and they're not one size fits all. Some franchise FDDs may have these, and some may not.
This is a big one … Item 11 is probably the densest and most comprehensive item in the FDD. There's so much information, valuable information that you need to review to understand the numbers of what you're investing in.
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📚 [Resources]
📝 QUIZ: WHAT FRANCHISE CONCEPT IS RIGHT FOR YOU?
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