What is the registration number associated with the Alloy franchise in the Minnesota surety bond?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
MINNESOTA SURETY BOND
BOND NO. SU 1183535-0000
STATE OF MINNESOTA FRANCHISOR SURETY BOND
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, due to the franchisor's financial condition, the Minnesota Department of Commerce requires a financial assurance in the form of a surety bond. The bond is filed with the State of Minnesota, and a copy is included as an exhibit to the Minnesota addenda pages. The bond number associated with the Alloy franchise in the Minnesota surety bond is SU 1183535-0000.
This requirement of a surety bond indicates that Minnesota regulators have concerns about Alloy's financial stability. This bond is in place to protect franchisees in the event that Alloy is unable to meet its financial obligations. Prospective franchisees in Minnesota should carefully review the terms of the surety bond and understand the circumstances under which they might be able to make a claim against it.
For any claims related to the bond, the FDD specifies that inquiries should be sent to Arch Insurance - Surety Division located in Philadelphia, PA. It also provides an email address to verify the authenticity of the Power of Attorney related to the bond. This information is crucial for Minnesota franchisees who may need to make a claim against the bond in the future.