What is the name of the franchisor, as indicated in the Minnesota surety bond for Alloy?

According to Alloy's 2025 Franchise Disclosure Document, the franchisor listed on the Minnesota surety bond is Alloy Personal Training, LLC. This is explicitly stated in the addendum to both the Area Development Agreement and the Franchise Agreement required for the State of Minnesota. The inclusion of this information in the addendum emphasizes its importance for prospective franchisees in Minnesota.

The Minnesota Department of Commerce mandates this surety bond due to Alloy's financial condition. This bond serves as a financial assurance for franchisees in Minnesota. A copy of the surety bond is included as an exhibit to the Minnesota addenda pages, allowing franchisees to review the specific terms and conditions of the bond.

This requirement highlights a potential risk for franchisees, as it indicates that the franchisor's financial stability is a concern. Prospective franchisees should carefully review the surety bond details and consider seeking professional financial advice before investing in an Alloy franchise. They should also inquire about the reasons for the required financial assurance and what steps Alloy is taking to improve its financial condition.