Franchise Disclosure Document

If after the telephone interview both you and LIL' ANGELS, LLC, believe this is a good match, you will receive a copy of the Franchise Disclosure Document (FDD), as required by law. The FDD is the document in which the franchising company (franchisor) gives a complete disclosure of the Company to any prospective franchise owner (franchisee).

Contents of the FDD
The key items of the disclosure statement include:

• Background information on the franchisor and any predecessor
• The identity and business background of key personnel affiliated with the franchisor or franchise brokers
• Any prior litigation actions
• Any bankruptcy history
• Franchisee's initial franchise fee or other initial payment to begin the operation
• Other fees, such as service fees, training fees, advertising fees, royalties, etc.
• Any commitment of a franchisee to purchase or lease from designated sources
• Franchisee's principal obligations
• Obligations of the franchisor, supervision, assistance, services
• Exclusive area or territory
• Trademarks, service marks, trade names, logos, and commercial symbols
• Patents and copyrights
• Any commitment of the franchisee to personally participate in the actual operation of the franchise business
• Renewal, termination, transfer, and dispute resolution
• Statistical information and listing of other existing franchisees
• Audited financial statements
• A copy of the Franchise Agreement

Qualifying the Buyer
The long-term success of the Company depends on the success of its franchise. As a company, it is important for us to carefully screen all prospective franchise owners. We require background checks on each person whose name appears on the Franchise Agreement. In addition, through our conversations, we will want to make sure this is a good fit for both of us. Happy franchise owners are a priority for Lil' Angels.