When is the Aerus renewal fee of $100 payable?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
signate in writing.
-
- Term. Unless sooner terminated as provided herein, the duration of the initial term (the "Initial Term") and the renewal term (the "Renewal Term") will be as stated in Schedule 1 attached hereto, which, collectively, shall constitute the "Term" of this Agreement. Upon the expiration of the Initial Term, Franchisee may renew the franchise for one (1) Renewal Term, provided Company is then offering new franchise rights for the establishment of Aerus Businesses in the State where the franchise subject to renewal is located and provided Franchisee meets all of the following conditions: (1) Franchisee has no uncured Event of Default under the Agreement at the time of renewal; (2) Franchisee gives Company written notice of Franchisee's desire to renew at least thirty (30) days prior to the end of the Initial Term; (3) Franchisee has achieved ten thousand dollars ($10,000) or more in Gross Sales each month during the prior six (6) months; (4) Franchisee executes Company's then-current form of franchise agreement, which, upon execution, will supersede this Agreement and which may differ from the terms of this Agreement, including, without limitation, the payment of higher or additional fees and revised Minimum Sales Requirements; (5) Franchisee pays Company a renewal fee of one hundred dollars ($100) (in lie
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, a franchisee must pay a renewal fee of $100 when renewing their franchise. This fee is paid in lieu of paying a new initial franchise fee. However, the franchisee can only renew if Aerus is offering new franchises in the state where the franchise is located.
In addition to paying the renewal fee, the franchisee must meet several other conditions to be eligible for renewal. These conditions include having no uncured events of default under the agreement at the time of renewal, providing written notice of their desire to renew at least 30 days before the end of the initial term, and achieving gross sales of $10,000 or more each month for the six months before renewal.
The franchisee must also execute Aerus's then-current form of franchise agreement, which may differ from the original agreement and may include higher or additional fees and revised minimum sales requirements. Finally, the franchisee and its principals and guarantors must execute a general release of any and all claims against Aerus and its affiliates.