Hot Shorts Franchise Disclosure Document (FDD)

For analysts, attorneys, journalists, and prospective operators, the Hot Shorts FDD is primary-source research: a federally required disclosure running hundreds of pages, updated annually. We carry the 2016 edition — available for immediate purchase and download.

Under the Federal Trade Commission's Franchise Rule, Hot Shorts must furnish a Franchise Disclosure Document (FDD) to prospective franchisees and update it annually. The FDD is organized into 23 Items that describe the franchisor, its fees and the estimated cost to open, the parties' obligations, territory, financial performance representations where made, system size, and the company's financial statements.