What is the initial monthly payment to Kevin Harrington by All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
eadquartered applies (subject to applicable state law). |
ITEM 18. PUBLIC FIGURES
We have engaged the public figure, Kevin Harrington, previously of the Shark Tank television show, to help promote our franchise. Kevin Harrington receives $12,500 per month for the first three (3) months then $10,000 per month thereafter; 10% commission on any franchise sale; 1% equity for every 4 franchises sold, up to a maximum of 7% equity. Kevin Harrington performs marketing assistance. He does not participate in the management or ope
Source: Item 18 — PUBLIC FIGURES (FDD page 39)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, Kevin Harrington, previously of the Shark Tank television show, has been engaged to help promote the All States M.E.D. franchise.
For the first three months, Kevin Harrington receives $12,500 per month. After this initial period, the monthly payment decreases to $10,000 per month. In addition to the monthly payments, Harrington also receives a 10% commission on any franchise sale and 1% equity for every 4 franchises sold, up to a maximum of 7% equity.
It's important to note that while Kevin Harrington provides marketing assistance, he does not participate in the management or operation of All States M.E.D., and he has not made any investment in the company. This arrangement is disclosed to potential franchisees to provide transparency about the marketing and promotional strategies of All States M.E.D.