What is the maximum aggregate liability of the surety for claims against Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Due to the financial condition of the Franchisor, the Minnesota Department of Commerce has required a financial assurance. Therefore, we have posted a surety bond which is on file with the State of Minnesota. A copy of the surety bond is attached as an exhibit to the Minnesota addenda pages.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 FDD, due to Alloy's financial condition, the Minnesota Department of Commerce requires a financial assurance in the form of a surety bond. This bond is on file with the State of Minnesota, and a copy is included as an exhibit to the Minnesota addenda pages.
The FDD excerpts do not specify the maximum aggregate liability amount of the surety bond. The excerpts confirm that a surety bond exists to provide financial assurance, but the exact coverage amount is not disclosed in the provided documentation.
A prospective Alloy franchisee in Minnesota should review the Minnesota addenda pages within the FDD to determine the surety bond's coverage amount. If the amount is not specified, they should contact Alloy directly to obtain this information, as it is crucial for understanding the level of financial protection available.