Our Financial Transparency Commitment to BuyersPinot's Palette
December is an exciting time at Pinot’s Palette. Holiday classes and private parties are in full swing, we’re closing out our 2013 books, reflecting on our 2013 accomplishments, and looking forward to the opportunities a new year will bring.
All franchising companies have the opportunity to disclose financial information in the Item 19 section of the FDD, but how it is done and what information is included is up to each company. As the paint and sip franchising company we understand the importance of providing the right financial information to help you understand the operations of a Pinot’s Palette studio. We currently have best practices for our financial disclosure, and look to constantly improve our communication year over year. Here are some of the things we’ll be keeping an eye on as we begin to look forward into our 2014 offerings:
The more, the better – Our significant growth over the past 18 months will give us more information to work through and provide to new franchise candidates. As in 2013, we will reach to provide you with as much information as possible.
Tell the story—the true story – A core value of Pinot’s Palette is “Professionalism, integrity, and quality.” We want to show you down the penny opportunity and advantages, and better help you understand how you can control your franchise business success.
Involve the right legal help – We’re working with the best franchising opportunity legal team to bring you the highest quality financial information possible.
Just do it – We have a choice in disclosing financial information, but we’ve always taken a ‘just do it’ approach to informing our candidates. You will continue to see this commitment from us in 2014!
We’d like to wish everyone a happy holiday season – may this season usher in a new year of financial opportunity and new creative projects!
Read the original article, published by Franchise Business Review, here.