If accepted as an Aerus Franchisee, how will the Good Faith Deposit be applied at closing?
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 $100.00 "Good Faith Deposit" is required to express interest in becoming an Aerus Franchisee. This deposit is non-refundable and non-transferable, but it is fully refundable if Aerus does not confirm the applicant as a franchisee.
If the applicant is accepted as an Aerus Franchisee and successfully completes all conditions, including attending the required training program, the $100.00 deposit will be applied at closing. Specifically, it will be applied toward either the down payment for the assets of an existing Aerus business or the initial franchise fee.
It is important to note that the deposit is not otherwise refundable and will not be applied to any other payments beyond the down payment for assets or the initial franchise fee. This means that if the franchisee does not complete all the conditions or is unable to proceed with the franchise for any other reason, the deposit may be forfeited.