Does Kevin Harrington participate in the operation 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 from the Shark Tank television show, is engaged to promote the All States M.E.D. franchise. However, his role is limited to marketing assistance. He receives $12,500 per month for the first three months and then $10,000 per month thereafter. He also earns a 10% commission on each franchise sale and 1% equity for every four franchises sold, up to a maximum of 7% equity.
Specifically, the FDD states that Kevin Harrington does not participate in the management or operation of All States M.E.D., meaning he is not involved in the day-to-day decision-making or strategic oversight of the franchise system. Furthermore, the document clarifies that Harrington has not made any financial investment in All States M.E.D.
For a prospective franchisee, this means that while Kevin Harrington's name and image may be used to attract interest in All States M.E.D., franchisees should not expect any direct involvement from him in the running of their individual franchise or the overall All States M.E.D. organization. His role is strictly promotional, and his compensation is tied to franchise sales and equity based on the number of franchises sold.