factual

Where can an Aerus franchisee find the minimum balance requirement for their designated bank account?

Aerus Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee shall at all times maintain in its designated bank account a minimum balance in the amount specified in the Manuals.

Source: Item 23 — Receipts (FDD pages 74–305)

What This Means (2025 FDD)

According to Aerus's 2025 Franchise Disclosure Document, the minimum balance a franchisee must maintain in their designated bank account is specified within the Aerus manuals. Aerus has the option to withdraw funds from the franchisee's bank account for payments or other amounts owed to Aerus. This will be done through electronic funds transfer or a comparable method.

It is important for prospective franchisees to review the manuals carefully to understand the specific minimum balance requirements, as failing to maintain this balance could lead to penalties or other repercussions. Franchisees should also familiarize themselves with the procedures for electronic funds transfers, including how Aerus will initiate withdrawals and how the franchisee will be notified.

Understanding these financial obligations is crucial for managing cash flow and ensuring compliance with the franchise agreement. The Aerus franchisee should ask the franchisor for a copy of the relevant pages of the manual during their due diligence to fully understand this obligation.

Disclaimer: This information is extracted from the 2025 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.