Welcome to the FDD Exchange. The FDD Exchange has been created to allow users to share Franchise Disclosure Documents. Franchise Disclosure Documents (FDD), previously known as Uniform Franchise Offering Circulars (UFOC’s), provide a vast amount of information on a franchisor. Interestingly, even though FDD’s (previously UFOC) are public documents, they are not easy to acquire.
The FDD Exchange is a place where you can either -
- Upload FDD’s that you may have received from franchisors- or --
- View FDD’s that others have previously uploaded.
As you are enjoying this feature of The Educated Franchisee Resource Center remember that many people use the Franchise Disclosure Documents as a shortcut to doing the proper due diligence. The fact is FDD’s do little to teach you about how and why a franchise system is positioned for success. FDD’s only helps you understand the history of the franchise system. For example, a 2011 FDD simply summarizes factual data from 2010, 2009 and 2008. It provides no information on what is happening in 2011. In addition, the FDD does not provide information regarding your personal potentional for success in a given system in the future. Chapter 13 in The Educated Franchisee can help you to learn more about how to properly review an FDD (UFOC)
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We are posting to our website franchise disclosure documents (FDDs) from many different franchise companies. These FDDs were provided to us by various parties, including franchisees and prospective franchisees, and they are widely available from state examiners by photocopying or downloading it from their websites (where available). While we didn't issue these FDDs and can’t vouch for the accuracy of the information that’s in them, we hope that you will find this information useful as you consider buying a franchise. You should read the FDDs and exhibits (such as the franchise agreements and the franchisor’s financial statements) carefully, consult with an experienced franchise lawyer and a CPA, and do your homework before signing a franchise agreement. This should include calling as many of the current and former franchisees that you can (those people are listed in Item 20 of the FDD or the exhibits to the FDD).