What schedule outlines the fees, payments, and deposits that Aerus franchisees must pay?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
ach continues.3 The parties agree that the foregoing amount is a reasonable estimation of the damages that would be incurred by Company for breach of the covenants provided for in this Section.
7. Fees, Payments and Deposits.
A. Franchisee shall pay to Company all fees, payments and deposits set forth in Schedule 3 attached hereto and required elsewhere in this Agreement (the remittance of each, a "Payment") in the amounts, at the time, and in the manner described in this Agreement or the Policies and Procedures or elsewhere in the Manuals. Each Payment to be made to Company must be made free and clear at the time, and in the manner, specified in this Agreement, without deduction or offset. TIME IS OF THE ESSENCE with respect to all Payments to be made. All unpaid obligations under this Agreement will bear interest from the date due until the date of receipt by Company, at one and one-half percent (1.5%) per month, or the maximum rate allowed by applicable law, whichever is less.
- B.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to the 2025 Aerus Franchise Disclosure Document, the fees, payments, and deposits that franchisees must pay to Aerus are detailed in Schedule 3 of the franchise agreement.
Schedule 3 is referenced in the definitions of several fees within the document. These include the Initial Franchise Fee, which is payable upon the execution of the agreement, the Location Closure Fee, which is due upon the closing of an Aerus business, the Minimum Local Advertising Expense, which is the amount spent annually on local advertising, and the New Location Fee, which is due upon opening or acquiring an Aerus business.
Prospective franchisees should carefully review Schedule 3 to understand the full scope of their financial obligations to Aerus. Understanding the amounts and timing of these payments is crucial for budgeting and financial planning.