What is the principal sum mentioned in the Clear Pest Pros promissory note?

According to Clear Pest Pros' 2025 Franchise Disclosure Document, the document discusses a promissory note but does not specify the principal sum. Item 22 generally discusses the contracts a franchisee will encounter. One section of Item 22 discusses the transfer of a franchise to a third party before the promissory note is paid off, stating that "said Promissory Note must be paid in full before Holder will approve such transfer or assignment." This implies that a franchisee may utilize a promissory note to finance the franchise, and it must be settled before transferring franchise rights.

Another section of Item 22 states, "The Undersigned hereby confirms that the proceeds of this Promissory Note will be used for the business purpose of starting up a Clear Pest Pros franchised business." This confirms that the promissory note is related to the initial investment required to start the franchise. However, the document does not specify the amount of the note.

Prospective franchisees should inquire with Clear Pest Pros about the typical or required principal sum of the promissory note, as this information is not detailed in the provided FDD excerpts. Understanding the amount and terms of the promissory note is crucial for assessing the financial feasibility of the franchise.