Buying a Franchise - Franchise UFOC

Buying a Franchise - Franchise UFOC

By law you must receive a copy of the UFOC at least 10 business days before paying any money and before any commitment is made. The UFOC may be given to you at the first meeting where you discuss the purchase. You may want to set up an appointment with your trusted business advisors prior to receiving the UFOC. An attorney''s review is always helpful as well.

UFOC parts

There are two important attachments on this document.. The UFOC contains ocuments you will be required to sign for the franchise agreement. It is not always written in plain English and should be reviewed by a good lawyer familiar with franchising and representing small business owners.

The franchise agreement will tell your options in "getting out" of the agreement should the franchise fail. Review these statements carefully. The UFOC also contains the franchisor''s three most recent annual financial statements so you can at least get a sense of their financial health.

You should be sure to check the franchisor''s financial standing by reviewing its financial statements with an accountant and by checking it’s standing with the Better Business Bureau. It is better to discover complaints before you commit. If you do your homework using the UFOC, you will be much more likely to have a successful business in the future.

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Disclaimer: The ladies fitness related opportunities advertised on this website are not to be taken as a purchase recommendation of any kind. Ladiesfitnessfranchise is an information and advertising service. Please seek the advice of an attorney and financial advisor before purchasing any franchise, business opportunity, or business for sale. Please see our full disclaimer for more information. Terms of Use Privacy Franchise offers are only made through a Uniform Franchise Offering Circular (UFOC). Nothing on this website shall constitute a franchise offer. All Franchise Names are trademarks of the respective Corporate Entity. Data updated 8/1/05 from public sources Federal law prevents making earnings claims.
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