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Uniform Franchise Offering Circular

Since 1979, federal franchise law has required franchisers to give a document known as the Uniform Franchise Offering Circular (UFOC) to franchisees before any contract is signed or any money exchanged. UFOCs contain detailed information about a franchiser, which is intended to give educated information to aid a potential franchisee in deciding whether or not to invest in a particular franchise.

Uniform Franchise Offering Circular (UFOC) Definition | Small ...

If you're interested in purchasing a franchise, you'll want to be sure to get a copy of their Uniform Franchise Offering Circular (UFOC) and review it from cover to ...

What is a Uniform Franchise Offering Circular (UFOC)? - FRANdata

The UFOC is designed to give prospective franchisees all the information relevant to a franchise offering. It is made up of three basic parts: 23 sections ( called ...

Uniform Franchise Offering Circular - International Franchise ...

Introduction: The Uniform Franchise Offering Circular ("UFOC") Guidelines consist of the Requirements, the Instructions and the Sample Answers. The UFOC ...

Franchise disclosure document - Wikipedia, the free encyclopedia

It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal ...

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FranchiseDisclosures.com

Because the term UFOC (Uniform Franchise Offering Circular) was phased out starting in 2007 and has been replaced by FDD (Franchise Disclosure ...

UFOC Outline - Vinson Franchise Law Firm

The Federal Trade Commission's Franchise Rule requires franchisors to ... choose to use the UFOC (Uniform Franchise Offering Circular) format which is ...

Uniform Franchise Offering Circular - Franchise Profiles International

Franchising: Franchising: Introduction to the Franchise Disclosure Document ( FDD) (formerly the Uniform Franchise Offering Circular) and the Franchise ...

What is UNIFORM FRANCHISE OFFERING CIRCULAR (UFOC ...

Definition of UNIFORM FRANCHISE OFFERING CIRCULAR (UFOC): US format to disclose information that is related to a franchise.

the uniform franchise offering circular - Oklahoma Securities ...

Introduction: The Uniform Franchise Offering Circular ("UFOC") Guidelines consist of the Requirements, the Instructions and the Sample Answers. The UFOC ...

What is a Uniform Franchise Offering Circular (UFOC ...

The UFOC is non-negotiable and is written within a consistent or "uniform" set of criteria. Individual states are not afforded the opportunity to change the terms ...

What is uniform franchise offering circular - BusinessDictionary.com

Definition of uniform franchise offering circular (UFOC): Standard US format for disclosure of franchise related information. Containing 23 categories of data, ...

Uniform Franchise Offering Circular (UFOC)


If you're in the market for a franchise, know this: Since 1979, franchisors have been required by the Federal Trade Commission to provide prospective franchisees with a Uniform Franchise Offering Circular (UFOC) before any contracts can be signed or any money can exchange hands.

This valuable and voluminous document contains detailed information about the franchise, which will help you evaluate the business to determine if it's right for you. The document contains three main components:

  1. Detailed information about 23 items that provide an overview of the franchise
  2. Audited financial statements
  3. The franchise agreement and other contracts

Understand what's in it

A standard UFOC covers the following: key executives and directors, fees and costs, any past or pending bankruptcy or litigation, restrictions on sources for products or services, any financing available, training and support offered, restrictions on territory or expansion, restrictions on selling or transferring ownership, a list of outlets, earnings and financial status, obligations for both the franchisor and the franchisee, plus renewal and termination terms.

Compare UFOCs

Compare UFOCs from competitors or franchises in like industries to help you evaluate the opportunity.

Scrutinize earnings claims

Item 19 provides a detailed look at earnings, which gives you an opportunity to forecast sales, expenses and profits. Be aware that the earnings claims are considered estimates and may not reflect actual sales in your geographic region. In addition, the earnings statement is voluntary, and a franchisor may leave it blank.

Discover details on past and present franchisees

Item 20 includes a somewhat confusing list of projected openings and transferred or cancelled locations. However, the most important element is a list of current and past franchisees, their locations and contact information. These franchisees are your link to inside information about the franchise that can't be found in the UFOC.

Hire a franchising attorney

Since 1993, the UFOC has been required to be written in plain English rather than legalese. However, the sample contracts found in Item 22 are legal documents that may need some deciphering. In addition, although the UFOC is required by law, no governing body reviews the document for accuracy.

Bring in an accountant

Take the audited financial statements found in Item 21 to an accountant, who can review them and give you an idea of the financial health of the operation.

Ask if it's negotiable

The terms in a UFOC are usually non-negotiable. However, a few franchisors will negotiate certain terms so be sure to ask if there's any leeway.

Find out if you qualify financially

You may need to qualify financially before receiving a UFOC from a franchisor.
  • Read it again: Experts suggest reading a UFOC at least three times before making a decision.
  • Do your own homework: Don't rely solely on the information presented in a UFOC to make your decision. Conduct your own research to determine the viability of an opportunity.
  • Consistency counts: Make sure the UFOC you review is the same franchise agreement you'll be signing.