Under what condition does Chem-Dry pay a $1,000 referral fee to a franchisee?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
0 to $23,500.
Referral Fee
Where permitted by law without franchise broker or seller registration, CDI will pay to any Chem-Dry franchisee a referral fee of $1,000 for each potential franchisee you refer to CDI that purchase a new Chem-Dry franchise. You must be the first person to provide CDI with the name, address and phone number of the potential franchisee. If the referred person purchases a Chem-Dry franchise within 90 days from the date of referral, you will receive $1,000 as a referral fee when they pay the down pay
Source: Item 5 — INITIAL FEES (FDD pages 15–19)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, Chem-Dry will pay a $1,000 referral fee to a franchisee under specific conditions. To be eligible, the franchisee must be the first person to provide Chem-Dry with the potential franchisee's name, address, and phone number.
Furthermore, the referred person must purchase a new Chem-Dry franchise within 90 days from the date of the referral. The referring franchisee will receive the $1,000 referral fee when the new franchisee pays the down payment on their Initial License Fee.
This referral fee program is subject to legal restrictions, as it is only available where permitted by law without requiring franchise broker or seller registration. This means that the availability of the referral fee may vary depending on the specific state or jurisdiction.