Terms of Service, Broker Value and Disclosure Document

Effective Date: 01/22/2024

Last Update: 08/01/2024

This notice states the Terms of Service, Broker Value and Disclosure practices for Franchise Wizards, LLC, and its franchise consultants.

1. The Value of the Franchise Consultant (Broker) to Candidates:

There is significant value when it comes to working with a franchise consultant in finding a franchise and/or business opportunity.

There is only so much time in a day. A franchise consultant listens, qualifies, understands you, and focuses on alignment of your goals to franchise opportunities. A win-win for all!

• Which is better: one concept or a few hundred? Franchise consultants represent several hundred franchises brands and/or business opportunities.
• They are not focused on one brand or one industry. They are focused on you and your goals. They come from an unbiased perspective.
• Relationships matter. The franchise consultant will develop a relationship with you to understand YOU. They will show you franchise companies or industries you may or may not have thought of, or concepts they believe may be of interest to you.
• The results can lead to you selecting a franchise that meets YOUR goals and needs. Now that is measurable!
• The candidate does NOT pay anything additional to work with a franchise consultant. The franchise company pays the consultant if it results in an executed franchise agreement.
• For the investors, the investment amount to start the franchise business is the same if they worked directly with the franchise company.
• The franchise consultant has professional resources that are experts in the franchise industry that you may use if you desire.

2. The Franchise Consultant’s Value to the Franchise Company (franchisor and/or business opportunity):

• The franchise consultant qualifies the candidate to insure they meet the qualifications required by the franchisor and/or business opportunity.
• Qualifying the candidate will include the territory being available, insuring they are financially qualified which may include pre-qualification with a funding provider, an understanding of their background and goals.
• The franchise consultant helps to educate the candidate about franchising and encourages the candidate to do extensive research during their discovery.

3. The Candidate’s Responsibility in the Franchise Ownership Discovery Process:

• The choice is YOURS and yours alone. The franchise consultant’s role is to help guide you through a methodical process for your due diligence, but the investigation and ultimate the decision to invest in a franchise brand is yours alone.
• Once you enter into a franchise agreement, the relationship is governed by the contract between you and the franchise company.
• We strongly suggest you consult legal and financial advisors before you enter into a franchise agreement. The franchise consultant may provide professional resources that you can choose to employ if you so desire.

4. Disclosure Provided to the Prospective Franchise Buyer

• Franchise Wizards, LLC is not an agent, employee, representative, or other functionary of the seller of the respective business opportunities and franchises introduced to you.
• Franchise Wizards, LLC is an Independent Contractor, engaged in the activity of introducing prospective business buyers to sellers of franchises and business opportunities.
• Franchise Wizards, LLC is paid a finder’s fee or commission by the seller if you elect to purchase a business from a company that was introduced by Franchise Wizards, LLC.
• Franchise Wizards, LLC has not checked the accuracy of the information provided by the seller, and assumes no responsibility for the acts, errors or omissions of the seller, or the outcome of any transactions.
• Franchise Wizards, LLC is not qualified to advise in any part of the purchase of a business opportunity. You are urged to seek professional advice from a lawyer, accountant, or other qualified resource.
• Buying a business opportunity is a complex investment. Take your time to decide, and personally visit the headquarters of the company you elect to buy from. Make informed, common sense decisions in all investment matters.
• The Federal Trade Commission regulates the sale of franchises and business opportunities. Contact the nearest office to you for information to assure yourself that any company you deal with is in full compliance with the law.
• Your state may also have laws regarding franchises and business opportunities. Ask your state agencies about them.
• The Better Business Bureau is an excellent information source for potential business buyers. Contact your local bureau as well as the bureau in the city of origin of the seller. You alone are responsible for researching the seller.
• Prospective business buyer acknowledges receipt of this disclosure information and clearly understands that Franchise Wizards, LLC has no standing or involvement in prospective business buyer’s transactions with any business opportunity seller.
• Prospective business buyer further agrees to save and hold harmless Franchise Wizards, LLC in any event regarding prospective business buyer’s ultimate business transaction and outcome with any seller introduced by Franchise Wizards, LLC.
• Franchise Wizards, LLC has made no verbal representations that contradict any portion of this disclosure.