At the close of the fiscal year, franchisors are required to update the franchise disclosure document. Previously we posted a Franchise Disclosure Document Update Timeline. The timeline is designed to give a simple step-by-step schematic for updating the franchise disclosure document.
On December's to-do list is reviewing the estimated initial franchise investment listed in the disclosure document. This video discusses what should be included as part of the initial franchise investment estimate and why it is important to review the initial investment as part of the updating process.