Franchise Acquisition Company 1, LLC

This company offers a limited liability investment of 420 Series II Investment Interests, or units for a price of $12,500 with a minimum investment of one unit. According to their prospectus, the company's business is purchasing, consolidating, managing and expanding regional restaurant franchise operations. With this offer, the company proposes to invest in joint ventures with other entities that carry similar objectives, or for any purpose they deem appropriate. On August 14, 2000, Franchise Acquisition Company 1 LLC filed a Notice of Transaction Pursuant to the Corporations Code Section 25102 (f). According to the Department of Corporations this is an exemption filing under the Securities Law requirements, however the company is still required to register under the Franchise Investment Law. Investments of this nature are considered high risk and are suitable only for those who can bear the risk of substantial loss. Also, because there is no market for this type of security, it will likely be extremely difficult to find anyone who is willing to purchase these units. Before making an immediate decision, review the company's offer with an attorney.