Under what circumstances is an Aerus 'Location Closure Fee' due?

According to Aerus's 2025 Franchise Disclosure Document, a 'Location Closure Fee' is due when an Aerus franchisee closes their Aerus business. This fee applies whether the closure is made directly or indirectly, attempted, or fully completed. The specific amount of the 'Location Closure Fee' is detailed in Schedule 3 of the Franchise Agreement. Prospective franchisees should carefully review Schedule 3 to understand the financial implications of closing their Aerus business, as this fee will impact their overall costs.

This fee is in addition to any other costs associated with closing a business, such as lease termination fees, outstanding debts, and liquidation of assets. It is important for potential franchisees to consider the 'Location Closure Fee' as part of their risk assessment and financial planning. Understanding the circumstances under which this fee is applied can help franchisees make informed decisions about the operation and potential closure of their Aerus business.

Franchisees should also be aware of any conditions or exceptions related to the 'Location Closure Fee.' For example, the fee might be waived or reduced under certain circumstances, such as if the closure is due to unforeseen events or if the franchisee is transferring the business to a qualified buyer. It is advisable to discuss these possibilities with Aerus during the due diligence process to gain a comprehensive understanding of the fee structure and potential liabilities.