What is the amount of the non-refundable and non-transferable Good Faith Deposit required with the Aerus commitment letter?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
to express my interest in and commitment to becoming an Aerus Franchisee and, if applicable, acquiring the business assets (the "Assets") of the existing Aerus business location identified above. I have completed my independent research of the Aerus Franchising opportunity and would like to be considered for the awarding of an Aerus Franchise (an "Aerus Franchise").
Included with this commitment letter is my non-refundable and non-transferable $100.00 "Good Faith Deposit." Although the deposit is non-refundable and non-transferable concerning my commitment hereunder, I understand the deposit is fully refundable if you do not confirm me as an Aerus Franchisee. I al
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, a prospective franchisee must include a non-refundable and non-transferable $100.00 "Good Faith Deposit" with their commitment letter. This deposit shows the applicant's serious interest in becoming an Aerus franchisee and potentially acquiring the assets of an existing Aerus business location.
However, the FDD states that this deposit is fully refundable if Aerus does not confirm the applicant as a franchisee. If Aerus accepts the applicant and the applicant successfully completes all conditions, including the required training program, Aerus will apply the $100.00 deposit towards either the down payment for the assets or the initial franchise fee.
It is important to note that the deposit is not otherwise refundable or applicable to any other payments beyond those specified. The commitment letter itself does not obligate either party to grant a franchise or require the applicant to become a franchisee, and it does not convey any rights regarding Aerus or an Aerus franchise until all necessary documents are executed and accepted.