Does Care Plus Medical Ucc currently have any local or regional advertising cooperatives?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
Local or Regional Advertising Cooperatives. We do not currently have any local or regional advertising cooperatives. We have the right to require you to participate in a local or regional advertising cooperative. We will define the area of the cooperative based on media markets, or other geographic criteria that we deem appropriate. Each franchisee in the area would have one vote per outlet (unless the franchisee is in default under its franchise agreement). The amount you must contribute to the cooperative will be determined by vote of the members, but not less than 1% and not more than 5% of gross sales. If our own outlets are members of a cooperative, they must contribute to the cooperative on the same basis as franchisees, and they will vote on the same basis as other members. We administer the cooperative, but we have the right to delegate responsibility for administration to an outside company such as an advertising agency or accounting firm, or to the franchisee members of the cooperative. We have the right to require the cooperative to operate from written bylaws or other governing documents that we determine. The documents are not currently available for you to review. Cooperatives will prepare annual financial statements which will be made available for review only by us and by the members of cooperative. We have the power to require cooperatives to be formed, changed, dissolved, or merged.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 22–28)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, the company does not currently have any local or regional advertising cooperatives. However, Care Plus Medical Ucc retains the right to mandate franchisee participation in such cooperatives in the future.
If Care Plus Medical Ucc establishes these cooperatives, the area will be defined based on media markets or other geographic criteria deemed appropriate by the company. Each franchisee within the cooperative's area will have one vote per outlet, unless they are in default of their franchise agreement. The contribution amount from each franchisee will be determined by a vote of the members, but it will be between 1% and 5% of gross sales. If Care Plus Medical Ucc's own outlets are members, they will contribute and vote on the same basis as franchisees.
Care Plus Medical Ucc will administer the cooperative but can delegate this responsibility to an outside company or the franchisee members. The company can also require the cooperative to operate under written bylaws or governing documents. While these documents are not currently available for review, the cooperatives will prepare annual financial statements accessible to Care Plus Medical Ucc and its members. Care Plus Medical Ucc maintains the power to form, change, dissolve, or merge these cooperatives.