Where is the surety bond that Alloy posted on file?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
no authority to bind the Company except in the manner and to the extent herein stated.
PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance - Surety Division
3 Parkway, Suite 1500 Philadelphia, PA 19102 CORPORATE SEAL. 1971
Missouri To verify the authenticity of this Power of Attorney, please contact Arch Insurance Company at SuretyAuthentic@archinsurance.com Please refer to the above named Attorney-in-Fact and the details of the bond to which the power is attached.
MINNESOTA ADDENDUM TO FRANCHISE DISCLOSURE DOCUMENT
The following applies to franchises and franchisees subject to Minnesota statutes and regulations. Item numbers correspond to those in the main body.
Items 5 and 7
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.
Item 13
Pursuant to the Franchise Agreement, we will indemnify you against, and reimburse you for, all damages for which you are held liable in any proceeding arising out of your use of any Trademark pursuant to and in compliance with the Franchise Agreement.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, due to the financial condition of Alloy, certain states require a financial assurance in the form of a surety bond. For franchisees in Minnesota, the surety bond is on file with the State of Minnesota, and a copy of the surety bond is attached as an exhibit to the Minnesota addenda pages. Similarly, for Maryland franchisees, a surety bond is on file with the Maryland Securities Division, and a copy is attached as an exhibit to the Maryland addenda pages.
For Minnesota franchisees, the addendum to the Franchise Agreement states that the Minnesota Department of Commerce requires a financial assurance due to Alloy's financial condition. This bond is on file with the State of Minnesota, and a copy is included as an exhibit to the Minnesota addenda pages.
For Maryland franchisees, the Maryland Securities Commissioner requires a financial assurance because of Alloy's financial condition. This surety bond is on file with the Maryland Securities Division and covers the initial franchise fee for a single unit franchise or an area development franchise for three units. Alloy is not offering or selling any other area development franchises in Maryland.