core power yoga franchise The core power yoga franchise Disclosure Document (FDD) / Uniform Franchise Offering Circular (UFOC) contains 23 items of information published following the completion of the franchisor's fiscal year. Key elements of the FDD / UFOC report include the full franchise agreement as well as extensive discussion of franchise fees, capital requirements, ongoing royalty and marketing expenses, financing options, site selection requirements, site build-out costs, training programs and costs, current and projected franchisor and franchisee-owned units, franchisee listings and contact information, franchisor historical financial performance, earnings performance (for franchisors supplying Item 19s), outstanding lawsuits, franchisor bankruptcy filings, and key executive biographies. Executive Summary What is a UFOC/FDD, Uniform Franchise Offering Circular / Franchise Disclosure Document? The UFOC/FDD was a response to some unethical behavior in the 1960s and 1970s. Today franchises are regulated by law. The Federal Trade Commission (FTC) requires that certain information be disclosed to potential franchisees before a contract can be signed or any payment made. The information is presented to the prospective franchisee in the form of a document -- the UFOC/FDD. Franchise Registration States The FTC requires franchisors in every state to provide a UFOC/FDD. In addition, some states require that the offering must first be approved and registered by the state before it can be promoted to prospective franchise buyers. These states include: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. Certain states, such as Illinois and Minnesota, have even more stringent requirements for the franchisor. This in turn affords better protection for the prospective franchisee. What Does the Franchise UFOC/FDD Contain? The UFOC/FDD contains 23 items of information that must be current as of the completion of the franchisors most recent fiscal year. If there is a material change to the information in the document, the franchisor must make a revision (to be issued quarterly). The disclosure document must be given to a prospective franchisee at whichever occurs earlier: the first personal meeting of franchisor and prospective franchisee or ten working days prior to the execution of a contract or money payment to the franchisor. Standard Registration Documents: 1. The Franchisor, It’s Predecessors And Affiliates 2. Business Experience 3. Litigation 4. Bankruptcy 5. Initial Franchise Fee 6. Other Fees 7. Initial Investment 8. Restrictions On Sources Of Products And Services 9. Franchisee’s Obligations 10. Financing 11. Franchisor’s Obligations 12. Territory 13. Trademarks 14. Patents, Copyrights and Proprietary Information 15. Obligation To Participate In The Actual Operation Of The Franchise Business 16. Restrictions On What The Franchisee May Sell 17. Renewal, Termination, Transfer And Dispute Resolution 18. Public Figures 19. Earnings Claims 20. List Of Outlets 21. Financial Statements 22. Contracts 23. Receipt How Do I Use this core power yoga franchise? The core power yoga franchise is similar to a securities prospectus. It can provide the information you need to evaluate a company or to target potential sales clients. An accredited franchise company, whether publicly traded or privately owned, must provide this disclosure document.