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Home arrow Getting Started arrow Franchising arrow Disclosure documents
Disclosure documents Print E-mail

The following is a summary of the data registered franchisors are required to include in their annually updated standard U.F.O.C. (Uniform Franchise Offering Circular).

The franchisor:

About the people who run the franchise

  • Job descriptions and qualifications of all directors, the company secretary and executive officer.
  • The length of experience in:
    - They type of business offered in the franchise;
    - Operating or offering the franchise;
    - Operating other franchises; and a description of those franchises.
  • A detailed resume of their overall business experience.
  • About the franchisor's finances:
  • A financial statement prepared in accordance with normal accounting standards.

The statement covers the most recent two years of trading and includes:
- Current assets
- Non-current tangible assets
- Non-current intangible assets
- Total assets
- Current liabilities
- Non-current liabilities
- Shareholder's equity
- Operating profit (loss) after tax.

If dealing with a franchisor that is acting in a trust capacity:

  • Any liabilities incurred as a trustee
  • The amount by which the franchisor has the right to be indemnified out of trust assets.

About the franchisor's history:

  • Details concerning the franchisor (and any related entities) or any of its directors / executive officers / principals regarding:
  • Any materially relevant debt
  • Criminal, civil or administrative proceedings
  • Bankruptcies /insolvency's (past or pending)

About the franchising chain:

  • The number of existing franchised outlets and company owned outlets associated with the franchisor or its principals.
  • A list of existing franchisees (including their addresses and phone numbers and the year they commenced business).  Should a full list be impractical, then a list of all franchisees in the applicable region or metropolitan area should be provided.
  • The number of franchises terminated or not renewed, over the past year.
  • Details of any current unresolved litigation including those with any existing or former franchises.

More Info...Click here to Browse our online Franchise Directory

 
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