Does Kevin Harrington participate in the management of 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, known for his appearances on the television show Shark Tank, is engaged to promote the All States M.E.D. franchise. However, he does not participate in the management or operation of the franchisor.
Kevin Harrington's role is strictly limited to marketing assistance. He receives compensation for his promotional services, structured as $12,500 per month for the initial three months, followed by $10,000 per month thereafter. Additionally, he earns a 10% commission on each franchise sale and is entitled to 1% equity for every four franchises sold, up to a maximum of 7% equity.
The FDD explicitly states that Kevin Harrington has not made any investment in All States M.E.D. This separation of promotional activities from management responsibilities is a common practice in franchising, allowing franchisors to leverage celebrity endorsements without ceding control over business operations. Prospective franchisees can be assured that the franchisor's management team, rather than the celebrity endorser, is responsible for the strategic direction and day-to-day operations of the All States M.E.D. franchise system.