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A53/100FDD 2024
Complete Weddings + Events — Litigation & Risk
Other · FDD Items 3, 4 & 5
Moderate — Review
3 cases disclosed in FDD Items 3 and 4.
Source: FDD Items 3–5
FDD Items 3 & 4
Litigation Metrics
Cases disclosed
3
Total from FDD Items 3 and 4
Bankruptcy (Item 4)
—
Franchisor or officer bankruptcy
Overall risk score
53 / 100
FranchiseVerdict composite
Rating
STRONG
STRONG / MODERATE / CAUTION / AVOID
7(a) FOIA data · FY2020–present
SBA Loan Performance
Aggregated from public SBA 7(a) loan disclosures. Default rate is the share of loans that were charged off or settled for less than the full balance.
Total 7(a) loans
4
Government-backed loans issued
Default rate
0.0%
vs <3% typical · system-wide
5-yr default rate
—
Defaults
0 loans
Loans charged off or defaulted
FDD Items 5, 6 & 17 — what you give up
Contract Risk Indicators
Mandatory arbitration
Required
Disputes resolved outside court — limits your legal options
Jury trial waiver
Waived
You give up the right to a jury trial
Non-compete
2 yrs
Post-termination restriction on similar businesses
Franchisor can compete
Yes
Franchisor can open competing locations in or near your territory
Right of first refusal
Yes
Franchisor can match any purchase offer when you try to sell
Governing law
Nebraska
State whose law governs disputes — relevant if you're not based there
What drove the 53/100 rating
Risk Score Breakdown
- 01MINORMultiple state regulatory actions (Illinois, Indiana, Minnesota) indicating compliance failures and unregistered franchise offerings across three years
- 02MINORStagnant unit growth of only 3.0% YoY with 69 locations suggests market saturation or franchisee dissatisfaction in mature system
- 03MINORNo Item 19 (Net Income) disclosure prevents validation of $361k average revenue claim and obscures true profitability for franchisee ROI calculation
- 04MINORHigh royalty rate of 8% on gross receipts combined with $50k franchise fee creates cash flow pressure, especially if net margins are thin
- 05HIGHGoing Concern status = False is ambiguous but combined with regulatory issues raises questions about franchisor financial stability and support resources
Severity inferred from FDD text — not a regulatory or legal classification
Litigation data from FDD Items 3, 4, and 5. SBA data from public 7(a) FOIA records (FY2020–present). Not legal advice — consult a franchise attorney before signing any franchise agreement.