Franchise Resale Term
FDD (Franchise Disclosure Document)
The disclosure document franchisors must give prospective franchisees, covering fees, obligations, litigation, territory rights, and (in Item 19) any financial performance representations.
Buying a franchised business means inheriting the franchise agreement; the FDD tells you what you are really signing up for, including transfer fees, required refreshes, and the franchisor's consent rights over your purchase.