Understanding Franchise Earnings Claims (Item 19): What They Tell You—and What They Don’t
If you’re evaluating a franchise, there’s one section of the Franchise Disclosure Document (FDD) that gets more attention than any other: Item 19 — Financial Performance Representations It’s where brands may share revenue, expense, or profit data from existing franchisees. And for most candidates, it feels like the answer to the biggest question: “What can I actually […]