What is the name of N2's affiliate that owes commissions to the Belocal Franchisee?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
The Fees will be deducted from the Commissions (as defined under Franchisee's applicable Franchise Agreement) owed to the Franchisee by N2's affiliate, N2 Franchising, Inc.
Source: Item 22 — CONTRACTS (FDD page 71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, N2 Franchising, Inc., an affiliate of N2, is the entity that owes commissions to the Belocal franchisee. These commissions are earned by the franchisee through the sale of advertising in N2 publications.
The fees that the Belocal franchisee owes to N2 will be deducted from the commissions owed to the franchisee by N2 Franchising, Inc. This indicates a direct financial relationship between these three parties: the franchisee, N2 (likely providing services), and N2 Franchising, Inc. (responsible for commission payments).
Prospective Belocal franchisees should understand the commission structure and how fees are deducted, as this will directly impact their revenue. It is also important to understand the relationship between N2 and N2 Franchising, Inc., and how this might affect the franchisee's operations and financial obligations.