What is the Advanced Mobile Iv And Amiv renewal fee for Tiers 1 & 2?

According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, franchisees in Tiers 1 & 2 will pay a renewal fee of $5,000, plus applicable taxes, if they choose to renew their franchise agreement.

Several conditions apply to renewals. Franchisees must not be in breach of their existing agreement to be eligible for renewal. The renewal term is for a period of 5 years, and the franchisee must provide written notice of their intent to renew at least three months, but no more than six months, before the current term expires. The franchisee will be required to sign the then-current franchise agreement, which may differ materially from the original agreement. Royalty Fees, Marketing Fees, and other fees will be set at the then prevailing rates and terms.

Additionally, Advanced Mobile Iv And Amiv may modify the franchise territory upon renewal, potentially reducing or expanding its geographic area based on market penetration and demographic standards. Franchisees must also refurbish or replace franchise equipment to meet current standards, potentially incurring significant costs with no limitations on the required expenditure. Finally, franchisees must execute a general release to release Advanced Mobile Iv And Amiv from any claims.