The Franchise Disclosure Document

by | Sep 10, 2021 | Homework Help

The Franchise Disclosure Document (FDD). The essay is to be 5 pages with three to five sources, with in-text citations and a reference company it is possible to conclude that all three companies in question have complete FDD’s, while there are some small adjustments to formulations.2. How much would it cost you to acquire the franchise rights for each of the companies? Is the franchise cost information from each company’s FDD different from figures listed on the company website? If so in what way?Houlihans Restaurant and Five Guys Burgers and Fries don’t reveal publicly information about its franchise cost information on its website, and therefore it is impossible to compare the numbers given online and those presented in FTC reports (Franchise Information – Houlihans Restaurant, n.p.. Franchise Opportunities: Five Guys Burgers and Fries). &nbsp.Hard Rock Hotel offers on its website information for potential franchisees and claims that the standard Hard Rock site fee is no less than $350, 000 (Hard Rock Cafe Franchise & Development Opportunities, n.p). This minimum is higher than given in the FTC report, probably because the report was published in 2007, while now it is 2014.Houlihan’s Restaurant’s offering circular presented some cases of bankruptcy, where copmpany’s representatives were debtors in proceeding under the U.S. Bankruptcy Code. These cases are multiple and raise concernsHard Rock Hotels FDD raised several serious concerns mainly referred to litigation and bankruptcy cases. The company has got claims for tortuous interference, breach of contract, breach of fiduciary duty, fraud, unjust enrichment and civil conspiracy (Hard Rock Hotels, 5-6). While finally the parties entered into a settlement agreement, there are some serious concerns raised. On May, 2000 the company (Sunterra Corporation) filed a petition for reorganization under the U.S. Bankruptcy Code (Hard Rock Hotels, 7).Five Guys Burgers and Fries’ FDD raises less concerns comparing with two other companies as there were no bankruptcy cases. However, there was one litigation case according to which the

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