What is the effective date of the bond continuation for Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
| Bond Number: | SP 0000855-0000 | |||
|---|---|---|---|---|
| Effective Date: | 06/29/2022 | V. | ||
| Amount of bond: | $135,000.00 | |||
| Continued from: | 06/29/2023 | to | 06/29/2024 | |
| On behalf of: | Alloy Personal Training, LLC | |||
| In favor of: | State of Maryland Securities D | Divisio | n |
| Bond Number: | SP 0000872-0000 | |||
|---|---|---|---|---|
| Effective Date: | 07/19/2022 | -14 | ||
| Amount of bond: | $135,000.00 | |||
| Continued from: | 07/19/2023 | to | 07/19/2024 | |
| On behalf of: | Alloy Personal Training, LLC | |||
| In favor of: | State of Illinois Attorney General |
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the effective date of the bond continuation for Alloy varies depending on the state. For the State of Maryland Securities Division, the bond continuation is effective from June 29, 2023, to June 29, 2024. For the State of Illinois Attorney General, the bond continuation is effective from July 19, 2023, to July 19, 2024. Both bonds are in the amount of $135,000.00.
These bonds likely serve as a form of financial guarantee required by certain states to protect franchisees. Should Alloy fail to meet its financial or contractual obligations to franchisees in those states, claims could potentially be made against the bond to compensate franchisees for losses. The continuation dates indicate the period for which the bond remains valid and enforceable.
Prospective franchisees should be aware of these bonds and their implications, especially if they plan to operate in Maryland or Illinois. It would be prudent to understand the specific conditions under which a claim against the bond could be made and the process for doing so. Furthermore, franchisees should inquire whether Alloy is required to maintain similar bonds in other states where they plan to operate, as this could provide an additional layer of financial security.