Has Kevin Harrington made any investment in 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 the 2024 All States M.E.D. Franchise Disclosure Document, Kevin Harrington, known for his appearances on the television show Shark Tank, has not made any financial investment in All States M.E.D.
Instead, All States M.E.D. has engaged Kevin Harrington to promote their franchise. He is compensated for his marketing assistance. Specifically, Kevin Harrington receives $12,500 per month for the first three months and then $10,000 per month thereafter.
In addition to the monthly payments, Kevin Harrington also earns a 10% commission on each franchise sale that results from his promotional efforts. He also receives equity in the company, earning 1% equity for every four franchises sold, up to a maximum of 7% equity. However, the FDD clearly states that Kevin Harrington does not participate in the management or operation of All States M.E.D.