factual

How and when are contributions to the cooperative administrator paid for Advanced Mobile Iv And Amiv?

Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDD

Answer from 2023 FDD Document

If at any meeting of the franchisees in an advertising region, 65 percent of the franchisees vote to contribute to a regional advertising program, all franchisees within that region will be obligated to make a contribution to a regional advertising fund in the amount established by the vote (the "Regional Advertising Fund"). No advertising region may require any franchisee in that region to make a contribution to a Regional Advertising Fund in excess of 2 percent of that franchisee's Gross Sales. At the time a cooperative local or regional advertising or promotional program is developed, we will provide to you a list of all open AMIV™ franchises within your advertising coverage area.

Your contributions must be paid to the cooperative administrator we designate, when and in the same manner as the Royalty Fee and Advertising Fee payments are paid to us. Please refer to Items 6, 8, and 9 for more information about our advertising programs.

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 28–36)

What This Means (2023 FDD)

According to the 2023 Franchise Disclosure Document, Advanced Mobile Iv And Amiv franchisees may be required to contribute to a Regional Advertising Fund if 65% of the franchisees in their advertising region vote to do so. The contribution cannot exceed 2% of the franchisee's Gross Sales. These funds are used for regional advertising programs.

The contributions to the cooperative administrator designated by Advanced Mobile Iv And Amiv must be paid at the same time and in the same manner as the Royalty Fee and Advertising Fee payments are made to the company.

Prospective franchisees should refer to Items 6, 8, and 9 of the FDD for more details about Advanced Mobile Iv And Amiv's advertising programs and payment schedules. This ensures a clear understanding of all financial obligations related to advertising and royalty fees.

Disclaimer: This information is extracted from the 2023 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.