What discount on the Initial License Fee does Chem Dry offer to First Responders?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
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We are a member of the International Franchise Association ("IFA") and participate in the IFA's VetFran Program, which provides a ten percent (10%) discount on the Initial License Fee for the first franchise acquisition for veterans and spouses of current active-duty personnel of the U.S. Armed Forces who meet the requirements of the VetFran Program. We also offer a ten percent (10%) discount on the Initial License Fee for the first franchise acquisition by First Responders which include sworn police officers, paid and volunteer firefighters, and paid and volunteer emergency medical technicians and paramedics. For a VetFran qualified or a First Responder qualified franchisee, the Initial License Fee of $23,500 would be discounted by $2,350 for a net Initial License Fee of $21,150. If you pay the Initial License Fee of $21,150 within six months of signing the Franchise Agreement and the Business Note, the Cash Discount would be $2,115, for a net
Source: Item 5 — INITIAL FEES (FDD pages 15–19)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, First Responders are eligible for a discount on the Initial License Fee for their first franchise acquisition. Chem Dry offers a ten percent (10%) discount to First Responders, which include sworn police officers, paid and volunteer firefighters, and paid and volunteer emergency medical technicians and paramedics.
For a First Responder who qualifies, the standard Initial License Fee of $23,500 is reduced by $2,350, resulting in a net Initial License Fee of $21,150. Additionally, if the First Responder pays the discounted Initial License Fee of $21,150 within six months of signing the Franchise Agreement and the Business Note, they can receive an additional cash discount of $2,115, further reducing the net Initial License Fee to $19,035.
This discount can significantly lower the initial investment for eligible First Responders, making franchise ownership more accessible. It is important to note that this discount applies only to the first franchise acquisition. Prospective franchisees should verify their eligibility as a First Responder with Chem Dry and understand all the terms and conditions associated with the discount and payment deadlines to take full advantage of the offer.