Does Crawlspace Medic currently have a regional advertising fund or cooperative?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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Regional Advertising (Franchise Agreement, Section 13.4)
Currently, our System has no regional advertising fund or cooperative. However, we may decide to establish a regional fund or cooperative in the future and your participation may be mandatory, in our sole discretion. A regional cooperative will be comprised of all franchised Crawlspace Medic outlets in a designated geographic area. Our affiliateowned outlets may participate in a regional cooperative, in our sole discretion. Each Crawlspace Medic outlet will have one vote in the cooperative. We will determine in advance how each cooperative will be organized and governed. We have the right to form, dissolve, merge or change the structure of the cooperatives. If a cooperative is established during the term of your Franchise Agreement, you must sign all documents we request and become a member of the cooperative according to the terms of the documents.
If we establish a regional advertising fund or cooperative, you must contribute amounts we require. Your contributions to a regional advertising fund or cooperative will be in addition to your required contributions to the Brand Fund.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 23–29)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the company does not currently have a regional advertising fund or cooperative. However, Crawlspace Medic retains the right to establish one in the future, and if they do, franchisee participation may be mandatory.
If a regional cooperative is established, it will be comprised of all franchised Crawlspace Medic outlets within a specific geographic area, and affiliate-owned outlets may participate at Crawlspace Medic's discretion. Each outlet will have one vote in the cooperative, and Crawlspace Medic will determine the organization and governance of each cooperative. Crawlspace Medic also reserves the right to form, dissolve, merge, or change the structure of these cooperatives.
Should a regional advertising fund or cooperative be created during the term of the Franchise Agreement, franchisees will be required to sign all necessary documents and become members of the cooperative according to its terms. Franchisees will also be required to contribute amounts as determined by Crawlspace Medic, and these contributions will be in addition to the required contributions to the Brand Fund.