DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9tvvvc/avis_rentacar) has announced the addition of the "Avis Rent-A-Car - Uniform Franchise Offering Circular/Franchise Disclosure Document" company profile to their offering.
The Avis Rent-A-Car 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. This document is a must-buy for anyone seriously considering investing in a franchise business.
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.
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.
For more information visit http://www.researchandmarkets.com/research/9tvvvc/avis_rentacar
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