For Advanced Mobile Iv And Amiv, what happens to rebates or discounts received from suppliers?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
We or our affiliates may obtain money, goods, services, or other benefits from persons and entities with whom you do business, on account of that business with you. These may include rebates, refunds, commissions, cooperative payments, or discounts. We will accumulate them, annually account to the Advanced Mobile IV franchise system for them and either add them to the Marketing Fund, use them for programs that benefit all franchisees such as conventions and administration of purchasing programs, use them to provide supplemental training and promotional services to Advanced Mobile IV franchisees, or return them at reasonable times to all Advanced Mobile IV franchisees pro rata, based upon the volume of related business.
Source: Item 23 — RECEIPTS (FDD pages 54–202)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, Advanced Mobile IV, LLC dba AMIV or its affiliates may receive benefits such as rebates, refunds, commissions, cooperative payments, or discounts from suppliers based on franchisee business. These benefits are accumulated annually and accounted for within the Advanced Mobile IV franchise system.
Advanced Mobile Iv And Amiv has the option to allocate these funds in several ways. They may add the funds to the Marketing Fund, which is used for system-wide marketing efforts. Alternatively, they can use the funds for programs that benefit all franchisees, such as conventions or the administration of purchasing programs. The funds may also be used to provide supplemental training and promotional services to franchisees.
Finally, Advanced Mobile Iv And Amiv can choose to return the accumulated benefits to all franchisees on a pro rata basis, meaning the distribution would be proportional to each franchisee's volume of business related to the rebates or discounts. The timing of these returns is determined to be at reasonable intervals.